Quote:[size=1" face="Verdana" id="quote]quote:Originally posted by RanjitWhat does the Spiegel article say ... ?
From WW Lexicon machine translation:
The Märklin-bust has a legal aftermath: The former buyer Model of the manufacturer, Kingsbridge Capital loud calls "Handelsblatt" by the consulting firm Alix Partners 30 million euros damages for Falschberatung. This relaxes the situation for the traditional company rapidly.
Göppingen - As a financial investor Kingsbridge Capital in Marklin In 2006, bought it still seemed a rescue for the model railroad manufacturers give. In February 2009 this picture was destroyed: Märklin Register went bankrupt. But Kingsbridge Capital will not be the bust sitting on let. The financial investor is now calling on the North American consulting firm Alix Partners 30 million euros damages for Falschberatung, as the "Handelsblatt", referring to the business community reported. Kingsbridge requires that the entire sum who lost it in the investment.
The case is the "Handelsblatt", according to a first for the industry. According to the Federation was of German Management Consultants no known case in which such a management consulting firm because of faulty had been addressed. While there is always time to dispute the bill, but so far nobody had tried to the adviser for the complete failure of an investment to . belangen
The economic situation for Marklin, meanwhile, seems increasingly Time to relax. "We are already planning the 2010 and the innovations of the year 2011, " said administrator Michael Pluta on the edge of the fair "Märklintage" on Sunday in Göppingen. The operation corresponds Done "complete normality".
Sieben mögliche Investoren
Pluta was in view of existing orders confident that the insolvent company to the tradition of annual turnover reach approximately 120 million euro will. "We will not make a loss this year and have in the needed slack time, no new money, "he said. In the future, in his opinion ought to advertising for younger Target groups will be strengthened. "For children of today will in 30 years, the collectors of tomorrow."
Currently there are seven possible for Märklin investors which, after initial interest is now a second offer wanted to make. These were but half as the other bidders in February or March, he said. About an investor should be held earlier in October. It was unclear whether the company is sold later this year. "We are in the process, investors do not under time pressure. The financing of the fiscal year 2009 is secured, " Pluta had already pointed out in August.
Marklin had filed for bankruptcy in February. The bankruptcy was the 150th Company year opens. Since then, according to Plutas from Sunday some 720 creditors their claims with a total of approximately 120 million euros filed. The main creditors are the banks of the company, Landesbank Baden-Wuerttemberg and the Kreissparkasse Göppingen, the pension fuse club IG Metall and a credit. About 400 employees were forced to leave the company, According to Pluta currently employs about 1,000 more people.
