Insolvency in the fashion industry: branches in three cities have to close. An insolvency plan should be in place by the end of May 2024, and operations will continue as normal until then.
Wormland operates a total of twelve fashion houses in ten German cities. The company was founded in Hanover in 1935 and was considered an “avant-gardist in men’s fashion’ The other eight locations should be retained. The affected employees have been informed.