German clothing retailer Modemark has filed for bankruptcy, affecting its branches in Hamburg and Regensburg.
The Hamburg-based fashion brand Closed is currently in search of investors, following its insolvency filing in early August 2025. According to statements made by the insolvency administrator, Stefan Denkhaus, and the managing partners, initial promising talks with potential investors are underway.
The brand, known for its strong brand profile and operational profitability, is facing financial challenges due to excessive debt and high financing costs. The insolvency administrator and management aim for a swift investor process to stabilize the company and its approximately 400 employees, with the intention of preserving Closed’s identity as a Hamburg brand and supporting its retail, wholesale, and e-commerce activities across Europe and the US.
Closed, which operates stores in Germany, Austria, Belgium, Netherlands, Spain, and Switzerland, including one on the Neupfarrplatz in Regensburg, Germany, has a solid turnover of around €125 million in 2023. This attractive financial structure, combined with the brand's strong sales, is seen as an attractive proposition for potential investors.
While no concrete investor names have been publicly disclosed, the management expresses confidence that an investor can be found who will maintain Closed as a Hamburg-based company. Further details about the potential investors or the progress of the discussions have not been provided.
The insolvency filing does not provide information about the financial status or the reason for the insolvency of Closed. Additionally, no information was given about any potential changes in the management or ownership structure of the brand.
As the negotiations continue, the future of Closed as a company, apart from its presence in the mentioned locations, remains uncertain. However, the management and the insolvency administrator remain optimistic about the brand's potential for growth and recovery.
[1] Insolvency Administrator Confirms Talks with Potential Investors for Closed (2025, August 10). Retrieved from www.fashionweekonline.com
[2] Closed Faces Insolvency: What Does This Mean for the Brand? (2025, August 12). Retrieved from www.businessoffashion.com
[3] Hamburg-based Fashion Brand Closed Seeks Investors (2025, August 15). Retrieved from www.deutschewelle.com
- Other potential investors are keen to explore financing opportunities with Closed, a Hamburg-based fashion brand, given its attractive financial structure and strong sales.
- The search for investors by Closed, despite its current financial challenges due to excessive debt and high financing costs, seeks to preserve its identity as a Hamburg brand and support its various business activities.
