Baumann Dekor Entertains Investor Offers After Declaring Bankruptcy

GMUND, Austria -- Baumann Dekor, a division of the family-run Bruder Baumann textile business, declared bankruptcy on June 28 and hopes to reemerge without debt, according to Christine Seidl, who became managing director of the company in January."Although we have a very good order situation, the banks were not prepared to take over the costs of a comprehensive restructuring," said...