Suche
Bankruptcy shock: Popular textile chain closes three branches!
The textile group “Der Stoff” files for bankruptcy, closes branches like in Wilhelmshaven and is planning renovation measures.
Bankruptcy shock: Popular textile chain closes three branches!
In the turbulent market of the German textile industry, the group's insolvency is causing concernThe fabricfor excitement. The company has already closed several branches and is fighting for its survival. The group that comes from theStoff Stoffhandels GmbHand theHemkon GmbHexists, faces enormous economic losses. How Mercury reported, the responsible courts opened insolvency proceedings on October 1, 2025, with the restructuring being carried out under self-administration under the supervision of restructuring experts.
Currently operatingThe fabricThere are still 37 branches in Germany, employing almost 300 people. But the situation is getting worse: four branches in Dinslaken and Hamburg recently had to close their doors. From the end of November, the locations in Wiesbaden and Bremen-Vegesack will also be under attack. The final closure of the Baumburg branch is planned for the end of December. A total of eleven employees will lose their jobs as a result of the closures. Loud chip Underlying all this is a pressing loss at these locations, which has made the closures unavoidable.
Renovation and outlook
Despite the difficulties, the group of companies is optimistic about the future. Managing director and restructuring expertEric Coordesis confident that the restructuring plans currently being drawn up can soon be presented to the court and creditors. As of early 2025, the group still had 39 branches, but the number has already fallen due to ongoing financial difficulties. Affected stores had previously offered up to 70 percent discounts during clearance sales to reduce inventory and attract customers. The closure of additional locations is seen as part of the strategy to ensure the long-term viability of the remaining stores.
The bankruptcy ofThe fabricHowever, this is not just an isolated case. A look at the general situation in the German textile and clothing industry shows that the industry is being rocked by numerous bankruptcies. data of Federal Statistical Office show that the number of insolvency proceedings opened in the textile industry is continuously increasing, which poses challenges for companies such asThe fabricadditionally tightened.
The coming weeks and months are crucial for the future ofThe fabric. While the company is working on a restructuring plan, it remains to be seen whether the textile retailer will be able to turn things around and stabilize its market position. The entire industry will be watching closely, because there is definitely something to be learned here about how to deal with crises.