Kiddy GmbH has closed following bankruptcy

German car seat company Kiddy has closed all international divisions after declaring itself bankrupt just last week, following a tumultuous few months.

According to reports from Hof in Germany, where Kiddy’s headquarters is based, much of Kiddy workforce were laid off in early March after not being paid since the start of the year. There are now no staff based at the company headquarters.

Retailers both in Germany and internationally have been reporting stock difficulties for the last few months, although Kiddy has been experiencing financial difficulties for the last two years.

In June 2017, managing director Bettina Würstl initially revealed that she was looking to conduct insolvency proceedings after the managing director of sister company Kiddy Shanghai left the company suddenly, leading to production bottlenecks.

The business did later show signs of recovery but closed its doors for good on Friday 15 March, 2019.

According to the latest available figures, Kiddy, which was originally founded in 1966, employed 72 people across all its divisions.

Kiddy’s UK division was based in Leeds and has also been closed.

*Information correct as at time of press.*

MORE NEWS
ewraewrq
 
UK heritage brands Mothercare and Boots to form franchise partnership agreement...
CribsPeanuts500x500
 
Space and Superhero collections expand classic brand's presence in the baby category....
Silvergatelogo500x500
 
Acquisition will help SPT strengthen its entry into the kids genre....
JBall500x500
 
Key time for company as it readies for important Q1 trade shows and master toy launches....
mus500
 
Baby accessories specialist launches a gender-neutral clothing range....
ppps500
 
PPS spoke to nursery, toy and gift buyer Jade Crow to find out how business has been....
Get the latest news sent to your inbox
Subscribe to our daily newsletter