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Nothing works anymore:
Peek & Cloppenburg branch in Düsseldorf
Photo: IMAGO/imageBROKER/Karl F. Schöfmann / IMAGO/imagebroker
Germany's largest fashion retailer, Düsseldorf-based Peek&Cloppenburg KG, is insolvent.
According to information from manager magazin, a corresponding application for the German business will be made at the Düsseldorf district court at 12 noon.
Insolvency proceedings under self-administration were applied for.
The Düsseldorf law firm AndresPartners is said to have been appointed as the insolvency administrator.
The responsible district court did not want to confirm or deny the information.
Peek&Cloppenburg has so far left an inquiry unanswered.
More on that shortly.