All shops are closed, 87 employees affected. The outdoor chain McTrek is now finally bankrupt after several rescue attempts.
The outdoor chain McTrek is bankrupt. The company filed for bankruptcy in March, but all rescue attempts failed. Now the branches will be closed, “Wirtschaftswoche” reported last week, citing the insolvency administrator Tobias Kämpf. As of May 1st Business operations have been suspended in all eleven locations that are still open. 87 employees are affected by the closures. The company's online shop is also no longer accessible.
The closure is the end of a process for which there was recently hope. The insolvency administration had hired the founder of McTrek and Jack Wolfskin as consultants, but despite the entrepreneur's good contacts, no buyer was found in the end.
Wages have not been paid in full since January
A transferred restructuring was not possible, the insolvency administrator told “Wirtschaftswoche”. “At the time the provisional insolvency administration was ordered, there had already been a significant outflow of liquidity due to foreclosure.” Wages and rents have not been paid in full since January 2024 and talks about mass loans have failed. These would have been necessary for a procedure in order to be able to order goods in large quantities.
In 2023, managing director and owner Christian Müller explained that McTrek was suffering from the situation in retail, was feeling higher energy prices and the effects of war and inflation, but was not at risk of bankruptcy. According to “Wirtschaftswoche”, suppliers had been complaining about unpaid claims for some time, and in the end several creditors apparently filed for insolvency.
