Luxembourg stores not affected by Butlers insolvency
Two Butlers stores in Luxembourg City and Esch/Alzette will not be affected by the application for insolvency of the parent company in Germany because they are operated as franchises, according to a spokesman for the provisional insolvency administrator Jörg Bornheimer in Cologne.
Both shops in the Grand Duchy remain open as usual and do not have plans to close.
According to a statement, the Butlers chain had filed a petition for the opening of insolvency proceedings at the District Court in Cologne. The declared goal is the preservation and rehabilitation of the company.
In Germany, the chain operates 94 branches as well as others in Austria, Great Britain and Switzerland.
The stores and the online shop are to remain open, as Butler founder Wilhelm Josten stressed. “We are confident that Butlers will continue to have a good future,” he said.