A prominent German manufacturer of children's furniture, has filed for bankruptcy due to challenging sales conditions over the past two years. Despite the high quality of its products, the company has struggled with the broader issue of reduced consumer spending, which has been particularly difficult for the family-owned business.
Schardt has been under the ownership of QVM Privat Kapital GmbH since 2022, but the search for a resolution to its financial troubles remains urgent, with a potential solution needing to be found by the end of November. The company, headquartered in Mitwitz, Bavaria, has been operating for over 80 years and employs around 50 workers at present.
Source: Fränkischer Tag.
