Department Store X
| Department Store X | |
|---|---|
| legal form | GmbH & Co. KG |
| founding | 1955 |
| resolution | 2001 |
| Reason for dissolution | insolvency |
| Seat | Memmingen |
| management | Johann-Georg Oexle, Georg Oexle |
| Number of employees | 390 |
| sales | 105 million DM |
| Branch | Department store / retail |
The Department Store X (department store X GmbH & Co. KG) was a department store chain that eleven stores in Bavaria and Baden-Wuerttemberg had, two of them under the name "Birch Meier". The headquarters were in the Upper Swabian town of Memmingen .
Companies
In 1955, the Oexle brothers founded the first department store in Memmingen in Upper Swabia. It emerged from the Kreuz drugstore founded by father Johann Georg Oexle around 1910. The father gradually added groceries to his range and later opened a wholesale business. The sons Georg and Ludwig Oexle became partners in the company in 1929. After the Second World War , they opened the first department store in 1955 in the business taken over from their father at Kalchstrasse 10. In 2001, the last department store was closed. The naming rights were sold and continue to exist today as a special item franchise.
The total sales area was 25,000 square meters and an annual turnover of 105 million DM . On September 22nd, 2000, the company had to file for bankruptcy and lay off all 370 employees.
Bankruptcy proceedings
The insolvency administration was carried out by the Munich law firm "Müller-Heydenreich".