Closed gives an update to the ongoing investor: interior process.
In a message on Tuesday, Stefan Denkhaus, the provisional insolvency administrator of the Hamburg company, described the insolvency situation as unique and was optimistic. He perceives a very great interest on the part of potential investors: inside – both nationally and internationally.
Denkhaus assumes that an investor: internal solution will occur in a “manageable period of time”. However, one thing has already been determined for the insolvency administrator. Interested party: Inside, which is only interested in the trademark rights, are out of the question. “My express goal is that Closed remains a Hamburg company”.
Investor: Inside on the test bench
The company did not comment on rumors of the past few days that the interested party had already reduced by half. Denkhaus, however, gave insights into how incoming offers are evaluated: Among other things, the amount of the bid, the funding situation of the bidders: inside and the number of jobs that should remain. “All taken together, the goal of insolvency procedure serves to achieve the best possible creditors: internal satisfaction,” said Denkhaus.
The orders for spring/summer collection 2026 are also taken into account that are currently pending. The production cycle plays a central role in the fashion industry, which is why there is a close exchange with the suppliers and is guaranteed that the orders would be taken over. In this context, it is also important to what extent potential investor: inside made a corresponding promise, as this incorporated into the evaluation of their offers in the current procedure.
At the beginning of August, Closed GmbH reported bankruptcy. According to the notification, this is due to excessive debt and the associated financing costs. Operatively, however, the company works “fundamentally profitable” and was able to achieve better sales than the market with its healthy sales structure from Wholesale, online trade and inpatient business. The business is continued during the procedure, the insolvency money pre -financing for around 450 employees is already initiated, and supplier: inside and other business partners: Inside should be included in the process.
In the course of the bankruptcy, the manager Magazin reported that financial inspectors had previously found “irritating millions of millions”, including high payments to ex-financial chief Hans Redlefsen. Redlefsen resigned in July after 27 years at his own request, but according to media reports, however, continues to keep shares in the company. Lothar Hiese took his place as a commercial managing director who announced that you are familiar with the profitability of closed and a more announcement: internal -oriented corporate strategy.