Hamburger Closed GmbH has filed for bankruptcy.
The brand already submitted the procedural application to the responsible district court in Hamburg, said Closed on Tuesday. The Hamburg lawyer Stefan Denkhaus from the law firm BRL was appointed as a preliminary insolvency administrator.
The bankruptcy had become necessary due to excessive debt and the associated financing costs. Operatively, the company works “with its healthy sales structure” with wholesale, online and inpatient trade “fundamentally profitable” and sales have developed better than the market, according to the message.
The business is also continued during the procedure and insolvency money pre -financing for the workforce is already initiated. Now suppliers and other business partners are to be included in the process.
Closed on investor: inside search
The aim of the provisional insolvency administrator and the management is a quick investor: interior process. The first “promising conversations” with potential investors: said the managing director Gordon Giers and Til Nadler.
“Closed is a great brand – I am very confident that we will find an investor for Closed and we receive closed as a Hamburg company,” said Denkhaus.
Closed runs 36 stores in Europe, 26 of them in Germany. In addition to the home market, the brand also has shops in Switzerland, Austria, Belgium, the Netherlands and Spain.