Munich tries to resolve the X file of its sneakers: from speeding up store openings to applying cuts
The Catalan footwear company agrees on a Temporary Employment Reduction (ERE) with the unions and agrees to refinance its debt with its main creditors at a time of weakness in its points of sale due to higher costs.
Munich, a Catalan sports footwear company, is facing a challenging period. The family-owned business, founded in Sant Boi de Llobregat and now based in Capellades, Barcelona, has been operating for nearly a century. The company has recently closed some of its stores and implemented a redundancy plan, known as an ERE, affecting 45 people, in an effort to overcome financial difficulties. Munich has also refinanced its debt in a bid to navigate the tough times.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
