ESPRIT: Court orders provisional self-administration proceedings

Düsseldorf, May 17, 2024 - The Düsseldorf Local Court has ordered provisional insolvency proceedings under self-administration for ESPRIT Europe GmbH, Ratingen, and six other German ESPRIT Group companies in accordance with Section 270b of the German Insolvency Code. The management had filed corresponding applications on May 15, 2024. The other companies of the fashion company are ESPRIT Retail B.V. & Co. KG, ESPRIT Europe Services GmbH, ESPRIT Design & [...]

German ESPRIT companies plan restructuring and repositioning in self-administration proceedings

ESPRIT Europe GmbH today files for insolvency under self-administration together with six other German group companies Dr. Christian Gerloff and Christian Stoffler have been appointed Managing Directors of all companies and Benedikt Gatt has been appointed General Representative Business operations of the fashion company will continue until further notice Ratingen, May 15, 2024 - ESPRIT Europe GmbH will file for insolvency under self-administration with the Düsseldorf Local Court today, Wednesday, in accordance with Section 270 of the German Insolvency Code. Also [...]

Signa Sports United Group: Future solution agreed for Tennis-Point

Investor consortium with founder Christian Miele and led by the investment company Orlando Capital V takes over the entire business operations of Tennis-Point GmbH as part of an asset deal In addition, the consortium acquires the shares in the sales companies in France and the USA from Signa Sports United GmbH Insolvency proceedings for Tennis-Point GmbH were opened as planned on January 1, 2024 Insolvency administrator Dr. Christian Gerloff: "We have succeeded in taking over the entire business operations of Tennis-Point GmbH within just two and a half months [...].

PRESS INFORMATION: Information on the preliminary insolvency proceedings of companies of the Signa Sport United Group

Operational business at Tennis-Point and Internet Stores continues - Returns of goods are possible again First measures for continuation solutions implemented Munich/Bielefeld, October 31, 2023 - In the past few days, several companies of the Signa Sport United Group (SSU) have filed applications for the opening of regular insolvency proceedings over their assets. SSU is a specialized sports e-commerce company based in Berlin and primarily active in the cycling and tennis segments. The provisional insolvency administrators were [...]

Morgan Lewis and Gerloff Liebler successfully advise healthcare company Sidekick Health AB on acquisition of aidhere GmbH

Proceedings of a special kind: statutory health insurers had to agree to the insolvency plan for the start-up as atypical creditors on the client side Gerloff Liebler responsible for complex insolvency law issues in the process Munich/Hamburg, October 18, 2023 - The law firms Morgan, Lewis & Bockius LLP, Frankfurt, and Gerloff Liebler Rechtsanwälte , Munich, have successfully advised Sidekick Health AB on the takeover of the Hamburg-based start-up aidhere GmbH by means of an insolvency plan. Sidekick is a global [...]

Future solution for the Rüster Group achieved: Turkish Bayrak Lastik Group takes over business operations of the automotive supplier - More than 600 jobs saved at all German sites

- Successful conclusion of the investor process in an extremely difficult industry environment - All four of the Group's sites in Germany are to be continued after the acquisition and all employees are to be taken on - Rüster CRO Christian Stoffler: "This pleasing solution for the future was only made possible by the close cooperation between employees, customers and suppliers." Deggingen/Munich, May 17, 2023 - The future solution for Tier1/2 automotive supplier Rüster is in place: Bayrak Lastik, a leading Turkish automotive supplier, yesterday signed an agreement [...]

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