Business · Companies · 7 hrs ago
P&C may leave flagship stores in Düsseldorf, Berlin and Frankfurt
Peek & Cloppenburg may leave three flagship stores in Düsseldorf, Berlin and Frankfurt, according to reports.
The German fashion retailer’s stores are on prominent shopping streets: Königsallee, the Kurfürstendamm and the Zeil.
Inditex is expected to take over the sites, with brands including Zara, Bershka and Massimo Dutti.
P&C said it could not confirm the reports as stated, while the Handelsblatt reported that the Düsseldorf store must be vacated by October 2027.
The buildings are managed by Midstad, a property company linked to the same business family as P&C, but the two businesses have separate commercial interests.
The reported changes come as physical retail faces pressure from online shopping and low-cost fashion sellers.
P&C has not confirmed the reported departures, and the sources give no further details about what will happen to its stores or staff.
Peek & Cloppenburg may give up its flagship stores in Düsseldorf, Berlin and Frankfurt, according to reports cited by German outlets.
The Handelsblatt reported that Inditex, which owns brands including Zara, Bershka and Massimo Dutti, is expected to take over the three locations.
P&C said the future of the stores had not been decided and that it would make a decision about its role at a later date.
The buildings are managed by Midstad, a property company linked to the Cloppenburg family, which also has ties to P&C.
The reported changes come as P&C reshapes its store network and the retail sector faces pressure from online shopping and low-cost competitors.
- Who
- Peek & Cloppenburg and Inditex are involved. Midstad manages the properties.
- What
- P&C may leave three flagship stores, with Inditex reportedly set to become their tenant.
- When
- The reports were published on 4 and 5 November 2026. The Düsseldorf store may have to be vacated by October 2027.
- Where
- P&C’s stores on Königsallee in Düsseldorf, Kurfürstendamm in Berlin and Zeil in Frankfurt.
- Why
- The buildings are reportedly being let to Inditex, while Midstad plans mixed-use concepts with less retail space. The sources do not state a confirmed reason for P&C’s possible departure.
Peek & Cloppenburg
Handelsblatt report
Future of the three stores
Peek & Cloppenburg
P&C said no decision had been made about its role at the locations.
Handelsblatt report
The Handelsblatt reported that P&C would have to leave all three stores and that Inditex would rent them.
Düsseldorf departure
Peek & Cloppenburg
P&C called Düsseldorf important as its home location.
Handelsblatt report
The Handelsblatt reported that P&C must vacate the building by October 2027.
The Handelsblatt reported that P&C would have to leave its Düsseldorf, Berlin and Frankfurt stores, with Inditex expected to rent them.
t-online and Bild reported on the possible changes; P&C said the future of the stores had not been decided.
P&C may have to vacate its Düsseldorf building, according to information cited by Bild and the Handelsblatt.
- Locations
- Königsallee in Düsseldorf, Kurfürstendamm in Berlin and Zeil in Frankfurt
- Reported new tenant
- Inditex, which owns Zara, Bershka and Massimo Dutti
- Düsseldorf deadline
- October 2027
- Property manager
- Midstad
- P&C Berlin stores
- Eight in Berlin and two in the surrounding area, according to its spokesperson
3 sources
What people are saying
We are committed to Berlin with eight stores and two stores in the surrounding area, just as we are to Frankfurt with five stores. And Düsseldorf (North Rhine-Westphalia) is especially important to us as our home location.
What role we will then play there as a retailer, we will decide at a later date.
It has not got better. It is like at the doctor: You hope the treatment will work, but unfortunately that is not the case.
Consumer sentiment is as bad as during the second coronavirus lockdown. Most people do not lack money, but confidence.