130 branches are closing!
Fashion chain insolvent - online there is now a 50 percent discount with a code
Created: 06/08/2022, 10:11 am
By: Hannah Blanket
It's over, it's over: a well-known fashion chain has gone bankrupt and is disappearing from the scene forever.
All branches will be closed.
Hamm – The rescue attempts have failed, after 47 years it's over: the Orsay fashion chain is closing all branches in Germany.
The German Orsay GmbH has been in bankruptcy under self-administration since January 2022.
Around 70 branches have already been closed - and now the rest will follow. Around 130 remaining locations are affected.
fashion company | Orsay |
CEO | Sascha Bopp (January 1, 2021–) |
founding | 1975 |
Orsay insolvent: All branches have to close - 20 affected in NRW
"Bye bye orsay.com!".
This is how customers are greeted on the fashion chain's website.
There is a 50 percent discount on the “last purchase”.
The code is "bye".
Orsay says goodbye.
A company spokesman confirmed
the closure of all branches in Germany to the
Rheinische Post (RP) .
The locations are to be closed by the end of June, reports wa.de.
Orsay closes all branches: 1200 employees are laid off
Orsay has not found an investor.
According to the spokesman, the corona pandemic had already put a heavy strain on business.
The hope lay in the insolvency proceedings in self-administration.
But then came the war against Ukraine.
This has "pressed the consumer's propensity to consume even further".
“Unfortunately, almost 1,200 employees will lose their jobs.
We very much regret that,” said the spokesman for the RP.
The leases for the branches were terminated at the end of March.
Everything has to go - also at this Orsay branch.
© Lobeca/Imago
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Orsay was founded in 1975.
The fashion chain is based in Willstätt, Baden-Württemberg, and was founded by the French Mulliez family.
“We want all women to be able to afford to express their femininity individually,” is the brand's vision.
The company says it designs outfits that are "trendy and feminine".
Customers will soon be searching in vain in the supermarket: a traditional brand will disappear from the shelves forever after 80 years.
