The search for investors for the insolvent Munich clothing supplier Hallhuber GmbH has so far been unsuccessful.
As a result, all of the Munich label’s stores will close at the end of October, as various media, including the Frankfurter Allgemeine Zeitung (FAZ), report. Appropriate measures to wind up the business have already been initiated.
A total of 112 branches affected
The closure affects 98 branches in Germany, eleven in Austria and three in Switzerland. The rental agreements for most of the stores are also said to have already been terminated. Hallhuber has not yet responded to a request from Fashion United.
The brand’s online shop, which reported its second bankruptcy in three years in May, was closed at the end of June during the self-administration process. During the first Corona-related insolvency in 2020, around 180 Hallhuber branches were closed.
At that time, the process for the takeover of the company was completed as part of a management buyout by CEO Rouven Angermann and CFO Torsten Eisenkolb. Eisenkolb has since left the company.
Discussions with interested parties are currently ongoing, but whether there is a future for the company remains to be seen.