Oppenhoff advises John Cloppenburg on the insolvency of P&C (Düsseldorf)

Oppenhoff has advised John Cloppenburg, a co-partner of Peek & Cloppenburg KG, Düsseldorf, on its insolvency in self-administration. P&C had been in self-administration since 1 June 2023.

The Insolvency Court in Düsseldorf has closed the self-administration proceedings concerning Peek & Cloppenburg KG, Düsseldorf, with effect from the beginning of October 2023. This follows a comprehensive restructuring of the company, which is still ongoing. The creditors' assembly approved the insolvency and restructuring plan at the voting meeting on 24 August 2023 in Düsseldorf. The plan is the core element of the restructuring and contains essential details for the company’s repositioning. The Insolvency Court had appointed Prof. Dr. Dirk Andres, AndresPartner, as self-administrator and Horst Piepenburg as custodian.

The Peek & Cloppenburg Group (Düsseldorf), with headquarters in Düsseldorf and Vienna, is one of the largest multi-brand fashion retailers in Europe. In more than 160 stores and 5 online shops, P&C offers many premium labels, popular young brands and innovative exclusive brands. More than 15,000 employees work for the group in 16 countries. In addition to P&C, the group also includes menswear retailer ANSON'S and Magasin du Nord.

The Oppenhoff team, led by Dr Sebastian Zeeck, included Robert Fischer-Sonnberg (both Corporate/Restructuring) and Dr Alexander Willemsen (Employment/Restructuring).

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