Business · Companies · 9 hrs ago

Liberty Damenmoden files for insolvency, but its 115 stores remain open

Liberty Damenmoden files for insolvency, but its 115 stores remain open

Liberty Damenmoden has entered insolvency proceedings as it seeks to restructure and secure the company’s future.

The women’s fashion retailer, also known as Liberty Woman, is based in Lübbecke, Germany.

It runs 115 stores across Germany and Austria, including 109 in Germany and six in Austria.

The company says the proceedings will not interrupt business, so its stores will remain open.

It cites a challenging market, fewer customers and a seasonal drop in demand as reasons for the move.

Liberty plans to review its stores, internal processes and costs as it works to secure its future.

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