The Berlin clothing retailer Defshop GmbH is insolvent. This emerges from a statement published on Thursday by the commercial law firm Brinkmann & Partner (B&P), which specializes in restructuring solutions.
Accordingly, the lawyer Jan Markus Plathner from B&P was appointed as the provisional insolvency administrator of Defshop by the Darmstadt district court on October 7th. He is being supported in the ongoing proceedings “by his colleague lawyer Sebastian Netzel and Digital CFO AG around Nikolaus Rupp and Stephan Beier,” according to the report.
Defshop’s business operations will continue for the time being
According to B&P, Defshop’s business operations will continue in the interim procedure. At the same time, “a restructuring and investor solution is now being worked on”. The online retailer specializes primarily in streetwear and, according to the statement, recently generated annual sales of around 40 million euros.
The provisional insolvency administrator has already started work. “I and my team have taken initial measures to secure business operations,” explained Plathner in a statement. “Delivery for orders from the order of the provisional administration is guaranteed. For customers who returned the goods before the precautionary measures were ordered, we will promptly publish information on how to register their claims in the insolvency table.”