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Schuh Graf in crisis: branches closing, future uncertain!
Schuh Graf closes branches in Esslingen and Altensteig and applies for protective shield proceedings for restructuring.
Schuh Graf in crisis: branches closing, future uncertain!
Schuh Graf, the traditional shoe retailer from Fellbach, has been struggling with major difficulties in recent weeks. After years of economic challenges, the company is facing a deep crisis, which now requires restructuring measures. How IT Boltwise Reportedly, two branches in Altensteig and Esslingen have already been closed, while other locations are being put to the test. Managing director Götz M. Graf was optimistic that a turnaround can be achieved through targeted measures and cooperation with partners.
The application for self-administration proceedings was approved by the Stuttgart District Court on September 16, 2025. Around 160 employees have their wages secured through insolvency benefits for at least three months and the company will continue to operate its 27 stores despite these challenges. Stuttgart News points out that a decision regarding the closure of further stores has yet to be made.
A comprehensive renovation
The restructuring, which is now being carried out under the protective umbrella of self-management, indicates that the company is focusing on profitable locations and optimizing internal structures. Restructuring expert Steffen Beck from the Pluta law firm emphasizes how important the measures taken are to examine the branch network and get the company back on track.
Schuh Graf, founded in Bad Cannstatt in 1938, has mastered numerous economic challenges over the years in its third generation. However, the bankruptcy in the summer was a particularly severe blow. According to IHK Companies like Schuh Graf in financial difficulties can try to stabilize and modernize their economic basis through restructuring proceedings.
The way forward
The Schuh Graf brand only has a future through continued optimization and adaptation to market conditions. Managing director Götz M. Graf emphasizes that the restructuring path being considered is essential in order to be able to continue with a further restructuring process. The goal is clear: to return to a positive economic course and to preserve the family tradition in the shoe industry.
The coming period will show how successful the measures introduced are and whether Schuh Graf will be able to turn things around. A good hand in selecting locations and strategic direction could be the key to the company's survival.