Overview

• Creditors have approved Dr. Isabella Goebel’s insolvency plan, allowing Sinn GmbH to maintain its entire retail network and workforce.
• The Hagen court is set to formally terminate the insolvency process in the coming weeks, finalizing the company’s financial restructuring.
• The approved plan ensures the preservation of Sinn’s 34 retail locations and 1,500 employees, with the company headquarters remaining in Hagen.
• Dr. Goebel’s proposal prevailed over a competing bid from JC Switzerland Holding, solidifying her continued majority ownership.
• Investor Oliver Helmke has outlined plans for Sinn’s future relocation to the Karstadt property in Bottrop, marking a new chapter for the retailer.