ROUNDUP: Shops Steilmann group run from bankruptcy on – FAZ – Frankfurter Allgemeine Zeitung

BERGKAMEN (AFX) – After the bankruptcy petition of the fashion group Steilmann the business of the clothing company run time being. The domiciled primarily in West Germany twelve Boecker fashion stores remain open as a spokesman for the temporary administrator Frank Kebekus announced on Monday. 436 employees of Steilmann SE and the holding company would get from the Federal Employment Agency through May insolvency allowance. Not affected by the insolvency proceedings, the Germany-wide more than 170 Adler fashion markets where Steilmann is involved.

The first measures to stabilize the operational activities had been launched. Discussions with commercial customers, suppliers and other business partners should quickly follow. “Only when this has been achieved, it can go about exploring future options for Steilmann.” The name Steilmann have still a good reputation in the market. This will “certainly be helpful” to be in the search for future perspectives, Kebekus said aloud release.

The fashion company from the Ruhr had filed for insolvency at the Amtsgericht Dortmund barely five months after its IPO on Thursday. On the stock market, the value of the Steilmann share dropped by almost 87 percent. The Steilmann management had the emergency brake pulled after restructuring negotiations were unsuccessful. Steilmann busy according to own data world more than 8300 Mitarbeiter./dot/DP/stk

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