2023-05-13 06:51:59
The dying in the stationary fashion trade continues. Even insolvency proceedings might not save a fashion chain from southern Germany.
Würzburg – The stationary fashion trade is in difficult waters. Gerry Weber had to file for bankruptcy once more, and the branch network was thinned out. At the end of June, Orsay ceased operations completely. The Irish cheap fashion chain Primark wants to thin out its branch network. Peek & Cloppenburg KG Düsseldorf (P&C) seeks rescue in protective shield proceedings. The fashion manufacturer and retailer Ahlers, which owns the brands Pierre Cardin, Baldessarini and Otto Kern, recently filed for bankruptcy.
Fashion chain Zapata is closing all branches: It is already the second insolvency procedure
Now a fashion chain from southern Germany has finally got it. Like the journal textile industry reported, Zapata from Würzburg is closing the last four branches in Passau, Würzburg, Augsburg and Neu-Ulm as well as the online shop. 30 employees are affected. This was preceded by insolvency proceedings that were opened in October last year.
At the end of December, insolvency administrator Matthias Reinel spoke of unsuccessful talks with interested parties. This is justified with the “extraordinarily difficult framework conditions in retail in general and in particular in the stationary textile retail trade”.
After 2016, it was the second insolvency procedure for Zapata. At that time, five of a total of 14 stores were closed and the online shop opened. Since then, however, branches have been closed once more, leaving only four shops. The situation now seemed hopeless for them.
Fashion chain Zapata closes all branches: insolvency administrator justified with difficult market environment
The reason for Zapata’s exit is the tense situation in retail. According to Reinel, who also accompanied the first insolvency proceedings, this time “despite intensive efforts it was not possible to continue”. On the one hand, this is due to the fact that the company has lost its attractiveness due to the renewed insolvency proceedings. On the other hand, the current market environment is extremely difficult for retailers, especially for the textile retail trade.
Zapata was founded in 1985. Most recently, sales amounted to around five to six million euros per year.
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