Overview
- The retailer applied to open insolvency proceedings at the Leipzig district court, according to industry outlet TextilWirtschaft and subsequent national reports.
- Herzog & Bräuer operates more than 100 specialty shops plus an online store across Germany, with locations reported in cities such as Berlin, Bremen and Augsburg.
- Coverage indicates nearly 100 branches and roughly 390 to 400 employees are affected as the case proceeds.
- The company has not disclosed specific reasons for the new insolvency, with reports noting ongoing strains in fashion and lingerie retail.
- In 2020 the firm entered self-administration and in October 2021 said it completed a restructuring that reduced the network to 96 stores and preserved about 390 jobs, while the current outcome remains uncertain.