Schieder Möbel Holding

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Schieder Möbel Holding GmbH

logo
legal form Company with limited liability
founding 1964
resolution 2007
Reason for dissolution insolvency
Seat Schieder-Schwalenberg
management Rolf Demuth
sales 950 million euros (2005/06)

The Schieder Möbel Holding GmbH was the largest European furniture manufacturer based in Schieder-Schwalenberg . A number of producers gathered under the holding , each performing under their own name.

Schieder was founded in 1964 by Rolf Demuth . In 1974 the company expanded to Italy as the first German company. Poland followed in 1989 and Russia in 2001. In 2007 the company had 41 locations in Europe and Asia with more than 11,000 employees.

Bankruptcy and accounting scandal 2007

After handing over management to Samir Jajjawi and Franz-Josef Golüke in October 2004 , the company's founder, Rolf Demuth , took over management again in December 2006. The holding filed for bankruptcy on April 12, 2007, but withdrew the precautionary application after a few days.

Following a resolution by the shareholders' meeting in early May 2007, the Schieder Group was led by a five-person management. Ulrich Wlecke was renamed as managing director, who should focus on restructuring the group. At the same time, he was Managing Director of the Alix Partners group, which supported the Schieder Group in realigning it.

At the beginning of June 2007 it became known that the renovators had encountered significant balance sheet manipulations in the past, which led to the arrest of four former managers, including the former owner Rolf Demuth . On June 15, 2007, the company again filed for bankruptcy. Talks with the banks about further financing had previously failed.

In 2010, the public prosecutor's office brought charges against the four accused at the Detmold regional court for total damage of at least 234 million euros. In April 2011, the company's founder Rolf Demuth and the company's former CFO were sentenced to imprisonment and the other two defendants were sentenced to suspended sentences.

Footnotes

  1. ^ Rolf Demuth: Change to the Advisory Board of the Schieder Group on October 1, 2004 , September 30, 2004
  2. ↑ Möbelriese Schieder wankt, ntv.de ( Memento from September 4, 2012 in the web archive archive.today )
  3. ↑ Schieder Group realigns itself
  4. ↑ Consultant takes over the board of directors at Schieder , May 10, 2007
  5. ↑ Accounting scandal. Four ex-managers of the furniture giant Schieder arrested , Welt-online v. June 4, 2007
  6. ↑ Schieder is threatened with death
  7. ↑ Furniture giant insolvent. ntv.de ( Memento from September 11, 2012 in the web archive archive.today )
  8. ^ Indictment in the fraud scandal at Schieder-Möbel , Lippische Landeszeitung online from April 13, 2010
  9. ↑ Frankfurter Allgemeine Zeitung, Schieder founder must go to prison , April 14, 2011

Coordinates: 51 ° 55 ′ 21.8 ″  N , 9 ° 9 ′ 1.1 ″  E