Overview

• Gercke says the obligations are intra‑group loans rather than bank debt, with repayment subordinated to the generation of profits.
• Coverage had claimed around €30 million in debt, prompting her to publicly clarify the financing structure.
• North Data figures cited in reports show losses of about €11.6 million in 2022 and €15.7 million in 2023.
• LeGer overhauled its model in 2023, moving from direct‑to‑consumer toward retailers, boutiques and its own shop, producing only after orders are placed.
• Bild reports that last year the label generated roughly €11.2 million in revenue and about €1 million in net profit following the restructuring.