Business · Companies · 22 hrs ago
Liberty Woman enters insolvency proceedings, putting about 600 jobs at risk
Liberty Damenmoden has entered self-administered insolvency proceedings in Germany, a process intended to give the company a chance to restructure while it remains in control of its business.
The chain, which trades as Liberty Woman, is based in Lübbecke and runs 113 stores across Germany and Austria.
About 600 jobs are at risk as the company faces financial difficulties.
For now, stores and the online shop remain open, and gift vouchers, returns and complaints are being handled as usual.
The company says weak customer numbers in shops and low demand for autumn and winter clothing have added to a difficult retail market.
It aims to reorganise and secure a sustainable future, with support from insolvency experts.
Liberty Damenmoden GmbH has entered insolvency proceedings under self-administration, putting about 600 jobs at risk.
The company operates 113 stores: 107 in Germany and six in Austria.
The Bielefeld Local Court approved its application to open the proceedings.
Liberty Woman stores and its online shop are to remain open, and the company says vouchers, returns and complaints will continue to be handled as usual.
The company cited a difficult retail market, fewer in-store customers and weak demand for autumn and winter clothing during a warm autumn.
- Who
- Liberty Damenmoden GmbH, which operates the Liberty Woman fashion chain.
- What
- It entered insolvency proceedings under self-administration, putting about 600 jobs at risk.
- When
- Not stated.
- Where
- The company is headquartered in Lübbecke, Germany, and operates stores in Germany and Austria. The Bielefeld Local Court approved the application.
- Why
- The company cited a difficult market for fashion retail, fewer customers in stores and weak demand for autumn and winter clothing.
This story does not have two clearly opposing sides.
The company opened its first store in Herford.
Its headquarters moved to Lübbecke.
The company focused exclusively on women’s fashion.
The Bielefeld Local Court approved the company’s application to open insolvency proceedings under self-administration.
- Jobs at risk
- About 600
- Stores
- 113 total: 107 in Germany and six in Austria
- Headquarters
- Lübbecke, Germany
- Court
- Bielefeld Local Court
- First store
- Herford, 1976
What people are saying
Unser Ziel ist es, Liberty Woman mit einem überzeugenden Sortiment, hoher Kundennähe und wirtschaftlich tragfähigen Strukturen neu aufzustellen. Wir wollen die Stärken unserer Marke und insbesondere die persönliche Beratung erhalten und die notwendigen Veränderungen konsequent umsetzen