The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Via Stalls And Markets Or Other 47.82 - Retail Sale Via Stalls And Markets Of Textiles, Clothing And Footwear
270 jobs Number of planned job losses
Announcement Date
22 August 2023
Employment effect (start)
22 August 2023
Foreseen end date
1 September 2023
Description
The German fashion retailer Deerberg has announced that it will close and lay off its 270 employees. Eight branches in Hamburg, Velgen, Oldenburg, Münster, Hanover, Cologne, Flensburg and Büsum as well as the head office in Hanstedt (Lower Saxony) are affected.
The company had announced insolvency in June and has been trying to find investors. However, no investors could be found, which is why the majority of the 270 employees will be made redundant on 1 September 2023. The remaining employees are to organise the sale before they too are made redundant. The insolvency of the fashion retailer was the result of a drop in consumer demand and increased inflation.
22 August 2023: Frankfurter Allgemeine Zeitung (online) (www.faz.net)
4 September 2023: Münchner Merkur (online) (www.merkur.de)
Citation
Eurofound (2023), Deerberg, Closure in Germany, factsheet number 200260, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200260.
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