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Reports: Lahm Sixtus has financial problems 25/5/19

HAUSHAM (dpa AFX) – a manufacturer of Sixtus care products by former footballer Philipp Lahm has financial problems. Sixtus lawyer Birgit Baudisch spoke in "Münchner Merkur" about "significant losses", the required turnover was not reached in 2018.

"The figures have not been good for many years, and for a company to be economically viable in the future, we need to change the business model and we will do it" – quotes Lahm.

On request, lawyer Baudisch referred to Sixtus. The company was not available for commenting until Saturday afternoon.

The daily Die Welt told Lahm: "This is always the case with Sixtus. According to reports, the company moves from Hausham to Bad Aibling to save on expensive rent. Internal production will be interrupted and the range will be significantly reduced.

Petra Reindl, CEO of Sixtus, said "Spiegel Online", 20 of the last 24 employees have been disbanded. Therefore, only the management and one employee and apprentice remain in the company. Eleven employees complained about dismissal.

"I have a lot of understanding for the dissatisfaction of employees, but I take responsibility," said Lahm "Merkur." He said to the "world": "Entrepreneurship sometimes requires difficult decisions, but we act responsibly."

Since his retirement, the 113-year-old player has represented himself as an entrepreneur, and his Philipp Lahm Holding is involved, among other things, in start-ups. Since 2017 he has been the sole shareholder of Sixtus and in early 2018 he took over the majority of the producer of traditional organic food Schneekoppe./bvi/DP/zb

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