Follow @dorgang

Follow @snbchf

Home › 3) Swiss Markets and News › 3.) Swissinfo Business and Economy › Swiss home supplies chain store Depot goes bust

Previous post Next post

Swiss home supplies chain store Depot goes bust

Published on January 31, 2025

See on Internet Archive

by
Swissinfo
My articles My site About me My videos My books
Follow on:Twitter Facebook Google +

Swiss home supplies chain store Depot goes bust — Bankruptcy of Depot decoration stores in Switzerland Keystone-SDA

Generated with artificial intelligence.

The Depot home supplies chain has entered bankruptcy proceedings in Switzerland. A total of 34 branches are affected.

This content was published on January 31, 2025 - 16:40

+ Get the most important news from Switzerland in your inbox

A notice was filed with the canton Thurgau authorities on Thursday. “Despite major efforts to stabilise the financial situation, no viable solution could be found to maintain business activity in the long term,” Depot said in a statement on Friday.

The economic context and various external factors have weighed on business, and negotiations with banks have been unsuccessful, the company points out, adding that payment of salaries for the month of January has still been secured.

However, the company gave no details of when the stores would close or how many employees would be affected, stating only that “the coming weeks will be devoted to planning the next steps in close collaboration with all concerned”. Customers with outstanding orders or gift vouchers are invited to contact customer service.

According to information relayed by various German-language media, the stores are due to close on Friday, leaving some 300 employees out of work.

The German parent company, Gries Deco Company, which has some 3,000 employees and 300 subsidiaries in Germany, Switzerland and Austria, has been in insolvency proceedings since mid-2024.

Swiss company bankruptcies rise to record high in 2024

This content was published on Jan 3, 2025 The number of Swiss company bankruptcies increased by 15% to a record 11,506 in 2024.

Translated from German by DeepL/mga

This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.

If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to [email protected].

Eurovision and bleak world situation are top themes at Basel carnival

This content was published on Feb 21, 2025 The Eurovision Song Contest and the gloomy global situation are among the main themes of Basel Fasnacht (carnival) this year.

Prices of Swiss investment properties continue to rise despite stagnating rents

This content was published on Feb 21, 2025 Although rents in Switzerland stagnated or fell in the final quarter of last year, prices for investment properties continued to rise. Both apartment buildings and office properties have become more expensive.

Hazel and alder pollen count set to rocket in Switzerland

This content was published on Feb 21, 2025 Very high concentrations of hazel and alder pollen are to be expected in some parts of Switzerland in the coming days.

Probe into wrong Swiss pension figures clears federal office

This content was published on Feb 21, 2025 Employees of the Swiss Federal Social Insurance Office (FSIO) did not breach their duty of care when calculating pension prospects, an investigation has concluded.

Ticino hotels record December boom

This content was published on Feb 21, 2025 Hotels in the southern Swiss canton of Ticino welcomed significantly more guests last December than in the same month of the previous year.

Swiss collect over 9,000 tonnes of plastic for recycling in 2024

This content was published on Feb 21, 2025 In 2024, consumers recycled 9,090 tonnes of plastic. More than 600 municipalities in 17 cantons participate in the "Bring Plastic Back" system.

Top Swiss economist urges free trade talks with the US

This content was published on Feb 21, 2025 The head of SECO is pushing for negotiations on a free trade agreement with the US.

Swiss nomadic people were victims of crimes against humanity, says government

This content was published on Feb 20, 2025 The persecution of Sinti and Yenish in Switzerland in the 20th century is a crime against humanity according to current international law.

Swiss court finds ex-Gunvor executive guilty of corruption

This content was published on Feb 20, 2025 The Swiss Federal Criminal Court sentenced a former executive at Gunvor oil trading group to a 24-month suspended prison sentence.

Swiss federal railways offers discounted fares to boost public transport use

This content was published on Feb 20, 2025 For 2025 and 2026, SBB will be offering a total of CHF100 million in discounts on its long-distance Supersaver tickets.

Full story here Are you the author?

About Swissinfo

SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.

My articles My site About me My books
Follow on:Twitter Facebook Google +