The future of the eyewear specialist Wagner + Kühner GmbH is secured: Investor takes over the company and all remaining employees
The preservation and continuation of the eyewear specialist Wagner+Kühner GmbH has been secured. The Bad Kreuznach-based company was taken over by an investor on July 1. Insolvency administrator Jens Lieser (pictured) from Lieser Rechtsanwälte has thus succeeded in securing the future of the company, which is well-known and highly regarded among opticians. The investor, who does not wish to be named, will take over the business and all remaining employees.
Jens Lieser had already stabilized and continued the eyewear specialist during the preliminary insolvency proceedings. The business operations of Wagner+Kühner, which sells its innovative and modern spectacle frames and sunglasses to specialist opticians throughout Germany, Europe and worldwide, continued fully and unrestrictedly throughout the entire period. All orders and spare parts were delivered reliably and punctually as usual. Wagner+Kühner is currently preparing for the coming season with new collections and fresh designs.
In addition to various reorganization measures, which continued the restructuring process already started by the company in 2019, the insolvency administrator had no choice but to take personnel measures. As a result, around 30 of the original 55 employees are still working at the company.
Good prospects for the future
"I am delighted that we have been able to find a good and secure solution for Wagner+Kühner's future alongside a new investor," says insolvency administrator Jens Lieser. "The business model of the eyewear specialist, which is highly regarded in the market, is working and has only run into difficulties due to legacy issues and inflation-related purchasing restraint," says Lieser. With intensive support from the investor, including in the area of marketing, Wagner+Kühner is now efficiently organizing its business and progressively planning for the future. Wagner + Kühner's application for insolvency had become unavoidable after the financial liabilities built up in the past could no longer be serviced due to declining sales triggered by the effects of the coronavirus pandemic and the war in Ukraine.
