P&C Plant takeover: Rescue for insolventes fashion house Sinn?

P&C Plant takeover: Rescue for insolventes fashion house Sinn?

An unexpected turn in the fashion industry: Peek & Cloppenburg (P&C), just successfully emerged from bankruptcy, is planning to take over the insolvent fashion brand. This became insolvent for the fourth time in August 2024 and is in a self -administration procedure. With 40 branches in 36 cities and 1,500 employees, especially in North Rhine-Westphalia, sense is an important player in German retail. According to the journal "Textilwirtschaft", P&C has already submitted a takeover offer to the insolvency administrator, about which the creditors will vote in spring 2025, such as Berlin Live reported.

The consent of the creditors is crucial for the success of the takeover. The Bundeskartellamt must also agree, a procedure that was already initiated on January 15, 2025. On request, a spokesman for Sinn did not specifically comment on the offer and referred to the ongoing procedures, while P&C was able to stabilize in September 2023 at the same time through its expansion, including the takeover of the Danish department store chain "Magasin du Nord". In particular, the time proximity between your own successful restructuring and a new attempt to take on ensures a stir in the industry, as well as Manager Magazin reported.

What happens?

While P&C catches the eye of the possible advantages of taking on meaning, it remains to be seen whether the creditors agree to the application and whether the Bundeskartellamt gives the green light. This is an important step in the fashion industry that not only has an impact on the two companies themselves, but also on the entire retail market in Germany. The crucial assembly of creditors, in which the offer is decided, is scheduled for March 2025. An exciting race for the future of meaning is imminent, and the fashion world follows the developments with great interest.

Berlin Live