Prominent bankruptcy
US stars wore closed jeans-now the Hamburg brand is insolvent
Now Closed Jeans has met: Numerous well -known companies have recently slipped into bankruptcy – and are now facing an uncertain future.
The Hamburg fashion label Closed Jeans is insolvent. The jeans brand was worn by US stars like Miley Cyrus and Brad Pitt – and by Sarah Jessica Parker in “Sex and the City 2”. Now Closed is looking for new investors who secure the future. The company blends into a number of prominent bankruptcies of the past few months and years.
Most recently, the Esprit fashion chain, the cosmetics dealer The Body Shop or the cult brand Tupperware have recently filed for bankruptcy. As early as 2023, the number of company bankruptcies had risen clearly compared to the previous year. On the one hand, the reasons are acute economic difficulties related to inflation, energy prices and high costs.
During Corona, many bankruptcy was only postponed
In the past few years, state support measures of the Corona period have expired in Germany, which some companies kept artificially over water that were actually no longer economical. The bankruptcy application obligation was also partly exposed to the Corona crisis.
The fashion retailers, for example, are strongly affected, which, in addition to acute crises, also fight with the general trend for online shopping. Even big players like H&M have been thinning their branch network for several years, others have to reorganize or give up in the bankruptcy. As early as 2022, 102 dealers and manufacturers of textiles have applied for insolvency proceedings, reports the “Textilwirtschaft” industry magazine. In 2023, industry giants such as Peek & Cloppenburg or shoe retailer Reno followed. Not to mention the tragedy around Galeria. Our photo gallery shows which well -known companies have recently had to flee in protective shield procedures or have to register bankruptcy.
Source: Stern
