Furniture manufacturers Leuwico and Staud are in trouble

Founded in 1653

Two furniture companies from southern Germany are insolvent

Germany's economic difficulties are leading to an ever-increasing domino effect: two traditional companies from southern Germany are now filing for bankruptcy. Several hundred employees are affected.

The furniture manufacturers Leuwico and Staud have to file for bankruptcy. This emerges, among other things, from a press release from the responsible law firm. The two companies together employ around 260 people.

Both companies belong to Vivonio Holding GmbH. As the pulpit writes, the parent company also ran into financial difficulties – and also had to file for bankruptcy. The statement cites the general economic situation in Germany as the cause of the two companies' financial problems: it has led to falling demand and materials have also become more expensive.

However, the managing directors of Staud and Leuwico are optimistic. “With the right partner, we see a good chance that there will continue to be a market for furniture from Staud and Leuwico in the future,” she quotes in the press release. Salaries for the employees of the two companies are guaranteed until the end of January. Despite insolvency proceedings, business will continue to operate.

Leuwico was founded in 1923. The company specializes in office furniture. Staud is even significantly older. According to its website, the company goes back to a carpentry workshop founded shortly after the end of the Thirty Years' War. Staud was founded in 1653 and produces bedroom furniture.