The Düsseldorf fashion retailer Peek & Cloppenburg KG receives support from Switzerland.
JC Switzerland Holding AG would like to support the insolvent fashion retailer in its reorganization, confirmed Peek & Cloppenburg Düsseldorf at the request of FashionUnited.
The creditors’ committee currently has an offer from the holding company as the main shareholder of Peek & Kloppenburg KG. This would secure both an extensive job security and a location guarantee for the Peek & Cloppenburg Group Düsseldorf in Germany. Due to an agreed confidentiality, no further details can currently be given in Düsseldorf.
According to the industry magazine Textilwirtschaft, which previously reported on the holding’s participation, the creditors should then vote on the company’s restructuring plan at the end of August.
The clothing retailer already put the restructuring plan in place when the self-administration proceedings were opened at the beginning of June. The proceedings of Peek & Cloppenburg KG, Düsseldorf and the purchasing company Peek & Cloppenburg Retail Buying GmbH & Co. KG should be completed before the end of the year, it was said a few weeks ago from Düsseldorf.