Today, Creditors Decide on the Future of Palmers

The Austrian underwear dealer Palmers, who has been slid into insolvency, is apparently to be rescued by an international group of investors. As was announced on Tuesday, the creditors agreed to a corresponding restructuring plan, 20 percent of the approximately 76 million euro debt is to be settled. So far, the name of the potential investors has not been mentioned. It is to be a "Turkish, listed company from the textile sector, flanked by a pr…

Today at noon, a daily set-up takes place at the Landesgericht Wiener Neustadt: in this case, the continuing existence of the laundry manufacturer Palmers is decided. The offered quota is 20 percent. Will the new investor be presented today?

WIEN NELOADRAFF. Gl ubiger is expected to receive a quota of 20 percent - investor discussions have not yet been completed.

Creditors have today adopted the Palmers restructuring plan. Anyone who wants to join as an investor is not yet known.

The insolvent laundry manufacturer can continue its business without self-management, the quota is 20 percent. Details about an investor are still outstanding.

Shortly before Valentine's Day, February 13, 2025, it was announced publicly that the popular laundry retailer Palmer's renovation procedure with self-management was opened. Is the fate of the company decided today? Palmers is insolvent. And today, May 20, 2025, the fate of the popular laundry company could decide. Because at the creditors meeting the restructuring plan is decided. Does the fate of the company decide today? A Turkish textile com…