If companies have slipped into restructuring in recent years, it was only because, according to experts, they no longer had a functioning business model.
Frankfurt The cases of Galeria Karstadt Kaufhof, Adler Immobilien and Takko Modemärkte should only be harbingers: Bankers and consultants who specialize in reorganization and restructuring are preparing for more business in the coming months. The number of restructuring of ailing companies is likely to rise sharply.
Although the latest economic indicators were somewhat more optimistic, overall the economy for renovators is expected to change fundamentally in 2023. That was the message from a gathering of around 200 restructuring experts from the Turnaround Management Association (TMA) Germany in the Taunus town of Königstein. That would be a trend reversal compared to the past few years, in which a good economy and lavish government subsidy programs had kept the number of company bankruptcies low.
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