The renovation process of the battered skateboard and streetwear dealer Titus was opened.
It was opened on May 1st, a spokesman said at the request of Fashionunited in a brief statement. All 16 locations are to continue to be continued and the renovation process is expected to be “successfully completed” in autumn 2025.
The retailer based in Münster has been insolvent since the beginning of February and has since restructured itself in a self -administration procedure. The competent district court in Münster at that time appointed lawyer Christoph Morgen for the provisional administrator.
“We restructure this path and take advantage of the opportunities for market adjustment,” said Julius Dittmann, Managing Director of Titus GmbH. For this, the skateboard specialist has appointed the renovation expert Nils Averbeck from Michels Restructing GmbH to the general representative.
Meanwhile, seven titus shops are not affected by the procedure, which are operated in the partner system by different owners: inside.
Fashionunited asked Michels Restructision GmbH to comment.