Studioline in Franconia: bankruptcy after more than 110 years - what's next?

Studioline in Franconia: bankruptcy after more than 110 years - what's next?

an important change in the photo industry

The bankruptcy of the traditional photo studio coache "Studioline" not only has an impact on the affected branches, but also throws a light on the challenges that many retailers are currently looking forward to. After more than 110 years on the market, the company is now under preliminary insolvency administration, which makes the future of its approximately 80 studios, including two in Franconia.

historical background of the studiolin group

The studiolin group, with its headquarters in Danishhagen (Schleswig-Holstein), was founded in 1910 by Karl Prien in Kiel. Started as a photo shop in connection with a drugstore, the company grew over generations and was taken over by Fujifilm in 2003. From this point on, photo services were focused on the “Studioline Photography” brand and took over the competitor Proifio in 2013 to expand its market position.

reasons for bankruptcy: inflation pressure and market changes

The bankruptcy was caused by a combination of factors that influence the buying requests of customers. Inflation has led to a general purchase of purchase, which resulted in a decline in customer frequency in the shopping centers, where most of the studiolin locations are located. In addition, rising rental prices and long -term plans for new openings put a significant impact on the company's financial situation.

perspectives and hopes of the insolvency administrator

The insolvency administrator, Reinhold Schmid-Spersber, sees "promising approaches" for a possible renovation of the company. Many photo studios of the group are well positioned and worked profitably. Schmid-Sperber emphasizes that business operations will continue to be continued without restrictions and that all customers can perceive their photo sessions as agreed. This is particularly important for the approximately 500 employees whose wages are secured by bankruptcy money up to and including September 2024.

local effects and the future of employees

The two branches in Franconia, located in Nuremberg and Erlangen, are the focus of the community, which is concerned about the future of jobs and services in their region. While the bankruptcy ensures uncertainty, according to Schmid-Reader, there is hope for a sustainable solution that could also offer a long-term perspective for the employees concerned.

Comparison with other companies in the region

The situation of studio is exemplary for a wider trend in the industry. For example, the Franconian furniture store chain Opti-Wohnwelt is also insolvent and has to close a branch in Nuremberg. At the same time, the Bavarian traditional bookseller closes worldview, which further illustrates the challenges in front of which retail is faced.

It remains to be seen how the situation for studiooline will develop, but the hope of Renaissance in the photo industry and the maintenance of jobs are supported by many sides.