Adler Modemärkte – Insolvency: Provisional self-administration opened

Following the application by Adler Modemärkte for insolvency proceedings under self-administration, we reported, the company, according to its own statements, is now entering into the provisional self-administration proceedings on Tuesday, which were opened today by the responsible district court of Aschaffenburg. “The court appointed attorney Tobias Wahl from the law firm Anchor Rechtsanwälte as provisional trustee,” reports Adler Modemärkte in the afternoon.

“As part of the provisional self-administration, the business operations of Adler Modemärkte AG are to be continued in full and the company is to be restructured via an insolvency plan,” the company announced. The board remains in office and is further authorized to administer and dispose of. Adler has also brought reinforcements on board: The lawyer Christian Gerloff has been appointed as general representative, according to Adler Modemärkte. Gerloff is an established expert in textile retail with extensive experience in restructuring and insolvency cases.

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