The insolvent men’s outfitter Theo Wormland GmbH has started an investor process as part of its protective shield proceedings.
The “search for strategic and financial investors” for Wormland has “already begun,” explained the management consultancy Dr. Wieselhuber & Partner (W&P), which is responsible for carrying out the investor process, said in a statement published on Monday. The “topmost goal” of the investment negotiations is “the preservation of around 400 jobs and the continuation of, if possible, all twelve premium locations” of the clothing provider.
Hubertus Bartelheimer, who is part of the W&P management team, was confident that he would be able to find suitable partners for the retailer. A stake in Theo Wormland GmbH is “an attractive investment opportunity,” he emphasized in a statement. “In a consolidated market for men’s fashion, Wormland is a trusted specialist in the city centers – an outstanding multi-label provider with a strong sales structure in high-quality stores in top locations as well as trained and service-oriented sales staff who have many years of experience and extensive know-how.”