16 potential investors interested in insolvent German trouser specialist GARDEUR

“We are on schedule”, according to GARDEUR group’s temporary insolvency administrator Dr. Biner Bähr from White & Case. With that statement he is referring to his goal of having found an investor for GARDEUR by the beginning of December, which will not only guarantee long-term liquidity but also secure the company’s further future

– High share of brand loyalty: GARDEUR customers’ continuous willingness to buy at 99.3 %

– Production of Spring/Summer Collection 2018 has started

– Preparations for Fall/Winter Collection 2018/19 are underway

He had already initiated the thorough search for potential investors on October 5th 2017, the very day the company filed for insolvency. After the international public announcement, 16 parties are now taking a look at the company. “Amongst those interested are a few who will surely follow through until the end of the process”, says Bähr. It is mostly strategic investors from the industry which are interested in the trouser specialist GARDEUR located in Moenchengladbach, Germany. “The high level of product quality is undisputed in the market”, says Gerhard Kränzle, CEO of GARDEUR GmbH.

“The current SPIEGEL outfit-study 9.0 certifies the brand GARDEUR an unbeatable value of loyalty: 99,3 % of customers already owning the product, would buy it again, and in some target groups this is even at 100 %. This data speaks for itself!”

“In the meantime, operational business continues as well as possible”, says Kränzle. After the confirmation of a debtor-in-possession credit, GARDEUR was able to release merchandise from its fall/winter collection that had already been produced, and to order raw materials to the value of a few million Euros for the spring/summer collection, which is supposed to be delivered from January onwards.  In addition, the team is also working as usual on the fall/winter collection 2018/19.

The GARDEUR group had to declare the opening of insolvency proceedings with regard to four of its companies on October 5th, 2017 – GARDEUR GmbH, GARDEUR Service GmbH, GARDEUR Beteiligungs GmbH, as well as CDS Club Du Sport Bekleidung GmbH.

The Mönchengladbach-based trouser specialist GARDEUR GmbH manufactures high-quality women’s and men’s trousers. At the only trouser atelier in the sector all steps of trouser development – from Design through to the finished pair of trousers – are kept in house and are pooled at the company headquarters in Mönchengladbach: an in-house team of expert designers, specialised prototype development, an own sample-making department workshop as well as a fully matured quality assurance system guarantee the perfect fit. Atelier GARDEUR makes no compromises in terms of quality and sustainability in the selection of materials. The trouser specialist can reliably manage and seamlessly control all stages of production thanks to own production sites. Perfection the way that employees live and deliver it day after day requires experience and well-founded knowledge.

The Group’s portfolio includes the brands Atelier GARDEUR and Thomas Rath Trousers.

With Outfit 9.0 SPIEGEL-Verlag and manager magazin Verlagsgesellschaft present the largest German market-media study for clothing and watches for the ninth time. Outfit 9.0 delivers information on consumer behaviour and attitudes of those questioned towards clothing and fashion as well as awareness, ownership and disposition to buy for 91 fashion and 62 watch brands. The data was gained in an online survey of about 5,200 persons between June and July 2015. The results of Outfit 9.0 are representative for 44.31 million persons among the German resident population with internet access who are between 14 and 69 years of age.