which operates 93 branches in Switzerland under the name Vogele Shoes and employs 550 people this roughly corresponds to preliminary insolvency proceedings The moratorium under Swiss insolvency law is intended to give the debtor time to find a solution with his creditors no measures such as declaring bankruptcy can be taken against the ailing company The prerequisite for judicial approval of the moratorium is that there is a prospect of concluding a succession agreement The See-Gaster district court granted the deferment of debt for four months until October 13 This means that operational business can continue in cooperation with the Munich financial investor GA Europe took over the Swiss shoe retailer from the Polish CCC Group The goal at the time was to financially stabilize the shoe stores and thus preserve as many jobs as possible We always keep you up to date: with our free newsletter SHOEZ compact You will regularly receive all information from the shoe industry in a clear form when a new magazine is published US Managing Director Peter Sachs hands over to Lance Taylor Alchemy plans to take over almost half of the Austrian shoe retailer Second best financial year in the company's history Creditors' meeting decides against P&C's takeover offer Sanela Krisat becomes International Sales Director sales representatives and business partners throughout the DACH association Telephone: +49 (0) 6 41 / 7 95 08 – 0Fax: +49 (0) 6 41 / 7 95 08 – 15Email: info@shoez.biz Designed by willsch-media.de Update Note: The World's Best Hospitals 2020 is available here. The Johns Hopkins Hospital - This hospital reported discrepancies in the medical KPI data that was used to determine scores so no medical KPI was used to determine the score for this hospital This score relies only results from patient surverys and recommendations from medical experts Glasglow Royal Infirmary - Medical KPI data that was used for evaluation of hospital in the UK was not available for this hospital This score relies only on results from patient surveys and recommendations from medical experts Royal Infirmary of Edinburgh at Little France - Medical KPI data that was used for evaluation of hospitals in the UK was not available for this hospital Newsletters in your inbox See all The Swiss shoe retailer Voegele Shoes has averted the threat of bankruptcy for the time being The See-Gaster district court granted the Uznach-based company its application for a debt moratorium The crisis-stricken company now has another four months to implement the restructuring measures and save the company The procedure is similar to a protective shield procedure in Germany “From the perspective of the administrator and the court there is a prospect that Karl Vogele AG can be restructured and reach an agreement with its creditors regarding the debt burden,” said Chairman of the Board of Directors Christian Müller This would mean that the traditional Vogele Shoes brand would be preserved and the creditors would receive more than if bankruptcy were declared immediately Since applying for a provisional moratorium in June there are currently 28 branches in the company's portfolio the management wants to put Vogele Shoes “on an entrepreneurial and economically sustainable basis again Müller said we are currently well on the way to further stabilizing sales the existing branches should move forward again with an attractive range and the right marketing How many branches are left by then depends on developments and ongoing discussions with landlords and “could still change in certain areas,” said Müller but rather to consolidate the company - “and in the medium term even to selectively build it up For this we need the necessary time as part of the official probate process that the state provides us.” Voegele Shoes was sold to the Polish CCC Group The group also owned the shoe chains Bingo Shoe-Discount and Max Shoes CCC acquired 2 percent of the company through its subsidiary NG8,5 Suisse GmbH for around 70 million euros But CCC was not happy with the Swiss company and sold it last year to CM.Shoes GmbH which has owned 100 percent of the shares since then the remaining 116 shoe shops were to be financially stabilized and as many jobs as possible retained CM.Shoes wanted to lead the group “into an even stronger digital future,” it said Vögele Shoes was already struggling with falling sales before the Corona crisis it experienced an additional setback due to the corona pandemic and the associated lockdown closures The CM Shoes subsidiary CM Sports GmbH recently took over the German shoe chain Reno Feb 26, 2025 | , The Swiss Air Force have confirmed the display dates for the PC-7 Team for the 2025 Season Alongside Patrouille Suisse and their F-5E Tiger IIs the PC-7 Team act as ambassadors for the Swiss Air Force within their homeland and abroad Though Swiss airshow commitments have been reduced the team will make one overseas visit to the RAF Cosford Air Show in the UK