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Retail company Pepco files for bankruptcy in Austria

Retail company Pepco files for bankruptcy in Austria

Pepco Austria GmbH filed for bankruptcy at the Vienna Commercial Court on Tuesday. The move was expected: the Pepco Group had already announced last week that it would stop its business activities in Austria. According to its own information, Pepco Austria provided “inadequate operating performance,” meaning it caused losses. “Continuing cautious and difficult consumer behavior in Austria, above-average inflation, high operating costs and a general negative macroeconomic outlook had a significant negative impact on Pepco Austria’s results,” the company says.

680 staff are affected by the bankruptcy and other retail chains are now making job offers for them, including Lidl and Rewe. Lidl HR Director Natalie Flatz: “Our door is of course open to former Pepco employees. We look forward to receiving every application.” Anyone interested can go to Progress. “We are always looking for committed and motivated employees, especially in sales, and we are delighted to have them join our team,” says Marcel Haraszty, Member of the Board of Directors of Rewe International. Or directly via email address [email protected] maybe.

In coordination with the appointed insolvency administrator, Pepco's 73 stores in Austria will remain open to customers during normal business hours until further notice. There are eleven branches in Styria and six in Carinthia.

The Polish company wants to expand further internationally: “Bepco continues its quest to become the leading discounter in Europe.” The brand currently employs 31,000 people in 19 countries in Europe and operates 3,600 stores.

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