Around three months after the bankruptcy was announced, Görtz has now announced the closure of several branches. It is not yet known which locations these are.
The Hamburg shoe retailer Görtz has become a restructuring case. The parent company Ludwig Görtz GmbH had already applied for a self-administered protective shield procedure in September, the company announced.
Insolvency proceedings under self-administration have also been applied for for two daughters. According to the announcement, business operations in the branches, the headquarters in Hamburg and the two central warehouses continue without restrictions. “All stores are open,” it said.
At the end of October, the restructuring proceedings at the district court in Hamburg were opened as planned, the company recently announced. According to the announcement, this proves that “the restructuring that has begun has been successful so far and is supported by the insolvency court”.
In order to be able to position itself for the future, several “unprofitable branches” will probably have to close. We are currently in talks with the landlords about this. In many branches where a reduction in rents could not be achieved, the contracts have already been terminated, which also affects the employees.
The group has not yet announced how many locations are involved.
The original of this post “Görtz shoe retailer is closing several branches” comes from chip.de.
