“German Fashion Industry Struggles: Ahlers, Owner of Pierre Cardin, Files for Bankruptcy”

Economic problems in the German fashion industry are causing difficulties for more and more companies. This Monday, men’s fashion manufacturer Ahlers, owner of the Pierre Cardin brand, announced that it will file for bankruptcy at the Bielefeld District Court for Ahlers AG and seven subsidiaries due to impending insolvency.

The decision was mainly caused by the company’s economic indicators, which are below those set in the plans. This is what Stella Ahlers, head of the company, says. The consequences of the corona pandemic and disrupted supply chains, the general reluctance to buy, high inflation and the bankruptcy of trade have made the step inevitable. However, she sees future opportunities for the company, Allers emphasizes.

According to the company, bankruptcy filings are also planned for subsidiaries Ahlers PC GmbH, Ahlers Retail GmbH, Ahlers Zentralverwaltung GmbH, Ahlers Vertrieb GmbH, Pioneer Berufskleidung GmbH, Pioneer Jeans-Bekleidung GmbH and Baldessarini GmbH. On the other hand, foreign companies are currently not affected.

With brands such as Baldessarini, Pierre Cardin, Pioneer and Otto Kern, Ahlers AG still generated sales of €171 million in the 2021/22 financial year. This is significantly below the level of 207 million euros reached before the appearance of “Corona”. Ahlers currently employs around 1,700 people. About 400 employees work at the companies affected by the bankruptcy filings. They will receive bankruptcy benefits from the Federal Employment Agency for the months of April, May and June.

Ahlers currently employs around 1,700 people. About 400 employees work at the companies affected by the bankruptcy filings. They will receive bankruptcy money from the Federal Employment Agency for the months of April, May and June, writes “Spiegel”.