Bäumler's demise a 'sad day' for menswear
Bäumler’s demise a ‘sad day’ for menswear The industry has bid farewell to Edinburgh Woollen Mill Group-owned German menswear brand Bäumler this week. On 8 October, insolvency administrators Pluta Rechtsanwalts were appointed to manage the liquidation of Bäumler. The fashion house, based in Ingolstadt, Germany, was forced to file for insolvency due to liquidity problems, as it had seen “significant declines” in sales due to the Covid-19 pandemic. Yesterday, 31 March, was Bäulmer's final day of business. All staff had their contracts terminated, and the company's goods are curren...
Source: drapersonline.com