Hamburg/Regensburg: Modemark Shutters Operations Due to Bankruptcy Filing
Hamburg-Based Fashion Brand Closed Seeks Investors
The Hamburg-based fashion brand Closed is currently in search of investors, following its insolvency filing in August 2025. According to multiple media reports, the company has initiated promising discussions with potential investors, but the identities of these investors remain unknown at this stage.
The brand, known for its strong profile and clear identity, has been undergoing restructuring efforts, which include the appointment of a new CFO experienced in restructuring, Lothar Hiese. Despite facing insolvency primarily due to excessive debt and financing costs, Closed's stores across Europe, including Germany, Austria, Belgium, Netherlands, Spain, and Switzerland, as well as its online and wholesale business, remain fundamentally profitable.
Stefan Denkhaus, the interim insolvency administrator, and the management team, including managing partners Gordon Giers and Til Nadler, have expressed confidence that an investor will be found to keep Closed as a Hamburg-based brand. The search for investors is being managed by the appointed insolvency administrator and restructuring experts, but no specific private equity firms, strategic buyers, or financial investors have been identified in the current information.
The discussions with potential investors are ongoing, with optimism about retaining the brand’s Hamburg roots. However, no details about the progress or outcomes of the discussions have been disclosed, nor have any timelines or next steps been announced.
Closed also operates a store on the Neupfarrplatz in Regensburg, but no further information about any stores in Regensburg related to the brand has been provided. The number of employees currently employed by Closed is also not mentioned in the statement.
Despite the ongoing insolvency proceedings, Closed continues to sell fashion online and through traders, demonstrating the brand's resilience and potential for growth. The search for investors is a significant step towards securing Closed's future and ensuring its continued presence in the fashion industry.
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Other potential investors are considering financing Closed's business, aiming to support its ongoing operations and future growth. The restructuring efforts include a focus on finding a suitable investor to maintain Closed as a locally rooted Hamburg-based business.
