Ajay Singh Wins Back Baumann Dekor
December 24, 2018
Ajay Bikram Singh
GMUND, Austria — Ajay Bikram Singh, one of two owners of Baumann Dekor GmbH, a textile mill here, has successfully taken the company out of bankruptcy as of December 21.
Singh says he is the sole owner of Baumann Dekor since his silent partner is no longer involved, according to a source close to the negotiation. Singh has reportedly increased his staff to 45 in Europe and to 71 in the Gulf region where he is based.
Singh is also the owner of Warps & Wefts, a sales agency based in Dubai. As previously reported, Baumann Dekor had entered insolvency a second time since 2011 but has now regrouped under Singh. The company is expected to show its lines at Heimtextil 2019 (Jan. 8-11).
Singh says he is the sole owner of Baumann Dekor since his silent partner is no longer involved, according to a source close to the negotiation. Singh has reportedly increased his staff to 45 in Europe and to 71 in the Gulf region where he is based.
Singh is also the owner of Warps & Wefts, a sales agency based in Dubai. As previously reported, Baumann Dekor had entered insolvency a second time since 2011 but has now regrouped under Singh. The company is expected to show its lines at Heimtextil 2019 (Jan. 8-11).