Onygo is insolvent.
The company has filed for bankruptcy a little more than a year after the takeover by Frank Revermann, the former managing director of the shoe retailer Görtz. This was confirmed by a company spokeswoman on Wednesday at the request of Fashionunited. The industry magazine had previously reported textile industry.
Already in October 2023 onygo was out of the end. At that time, the then parent company Deichmann SE announced that one had decided “with great regret” to hire business. The concept, which is aimed at a young, fashion -savvy target group, was not economically operating in the long term, it was said at the time.
Revermann apparently assessed the potential differently and took over business operations on March 1, 2024. In the course of this, former Onygo SE was renamed onygo retail GmbH, based in Hamburg.
Part of the takeover was also the continuation of 19 of the 28 Onygo branches and the continued employment of the employees working there: inside. How things will continue for the company is currently unclear.