Bonn (dpa -AfX) – The 1,500 employees of the insolvent fashion chain Sinn may hope for the preservation of their jobs. The majority of the creditors decided to take over a takeover offer from the previous owner Isabella Goebel. It provides for the preservation of all 34 locations with all employees, as a spokesman for Sinn GmbH announced. The company headquarters should stay in Hagen.
The district court of Hagen could hire the bankruptcy proceedings in the coming weeks. “Sinn is then considered to be renovated,” it said. “I’m happy for the company,” said insolvency administrator Michael Mönig.
With her bankruptcy plan, the old and new owner said that it prevailed against an offer from JC Switzerland Holding.
Changed framework conditions and special effects
The fashion company Sinn initially applied for bankruptcy in August 2024. The procedure was later changed to conventional insolvency proceedings. When applying in summer there were 41 meaning fashion houses.
With its currently 34 fashion houses, meaning is represented in several federal states. 22 of them alone are in North Rhine-Westphalia. Finally, Sinn GmbH generated sales of 240 million euros.
As the reasons for the recent bankruptcy, meaning had mentioned changed economic framework and special effects. For example, due to water damage and other structural reasons, floors and fashion houses should have been temporarily closed. This led to declining sales with significantly increased costs for rents, energy and logistics.
The fashion retailer had already slipped into bankruptcy in 2020. Before that, the chain under the name Sinnlefff had already filed for bankruptcy in 2008 and 2016./Tob/dp/he