Niedermeyer (company)
| Niedermeyer GmbH
|
|
|---|---|
 |
|
| legal form | GmbH |
| founding | 1957 |
| resolution | 2013 |
| Reason for dissolution | insolvency |
| Seat | Vienna |
| management | Werner Weber |
| sales | EUR 125 million 2010 |
| Branch | Electronics retail |
Niedermeyer was an Austrian electronics trading company that went bankrupt . Before the restructuring process, it had around 580 employees in 98 branches in Austria . In April 2013, numerous branches were closed as part of the restructuring process; 45 branches with around 300 employees remained. Sales amounted to around 125 million euros (2009/2010) and have thus more than halved compared to sales before 2000 (more than 4 billion schillings = 290 million euros).
history
In 1957, the Niedermeyer AG company was founded by Helmut Niedermeyer (1926–2014) as an X-ray, photo and film item business. In the course of time, the company grew with more and more branches, until the retail chains Foto-Pionier , Foto Nettig and in 1992 Foto Herlango were taken over in 1988 and the Niedermeyer Group emerged, which specializes in telecommunications, computer and other and consumer electronics. The company was taken over at short notice by the Swiss company Interdiscount , only to be connected to the telephone provider Magenta Telekom (then max.mobil ) in 1999 . Due to the later restructuring of the T-Mobile group, the consideration arose to sell the Niedermeyer company because it did not generate the expected growth within the group.
After lengthy sales talks, the Niedermeyer company was finally sold to VMS Restructuring and Beteiligungs GmbH & Co KG in 2004 . The profit zone could be reached again through appropriate savings measures and newly organized logistics. For a short time, Niedermeyer was controlled from a joint head office together with Cosmos Elektrohandels GmbH & Co KG , which had been bought from BAWAG by VMS in 2006 with another partner . Both companies, both Niedermeyer and Cosmos, remained independent, but had a common central warehouse in Vienna's 23rd district. Cosmos was sold in 2009 due to increasing losses and went bankrupt in 2010 . The Cosmos chain, which was also re-founded in 2010, has nothing in common with the former Cosmos Elektrohandels GmbH & Co KG, apart from the logo with a different shade of yellow and slogan.
In August 2009 there was another change of ownership and the company was completely restructured and strategically repositioned. The shares are made up of 40% Hypo Equity Beteiligungs AG , 30% Sapientia retail GmbH and 30% Sapientia Unternehmensberatung und Beteiligungs GmbH , the management was taken over by Werner Weber. The number of branches was increased to 97 by 2012.
insolvency
On April 2, 2013, Niedermeyer announced in a press release that an application for bankruptcy had been filed. According to its own information, the company has to contend with around 28.8 million euros in debt. In the course of the restructuring process, 53 of the 98 branches were closed on April 8, 2013, causing 279 employees to lose their jobs.
On May 29, 2013, the company announced that the remaining 45 branches would also be closed as no investor was found. The remaining 300 or so employees lost their jobs.
Individual evidence
- ↑ http://kurier.at/wirtschaft/unternehmen/trauer-um-helmut-niedermeyer-ein-kaufmann-vom-scheitel-bis-zur-sohle/49.766.105 ( Memento from May 8, 2014 in the Internet Archive )
- ^ Electrical retailer Niedermeyer is insolvent derStandard.at , April 2, 2013
- ^ Niedermeyer closes most of the Kleine Zeitung branches , April 2, 2013
- ↑ Niedermeyer bankruptcy: The branch hit list is fixed - sale starts immediately elektrojournal.at, April 3, 2013
- ↑ Niedermeyer finally locks to orf.at, May 29, 2013