Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Fashion / Netherlands firm buys Gardeur out of insolvency
Netherlands firm buys Gardeur out of insolvency
Dec '17
Courtesy: Atelier Gardeur
Courtesy: Atelier Gardeur
The family-run Duijndam Group from the Netherlands has signed a contract to save Gardeur Group, the tradition-rich trousers specialist based in Mönchengladbach, Lower Rhine, Germany. The aim is to stabilise supply in the short term and re-position and expand Gardeur as the German trouser brand on national and international markets in the medium term.

The Gardeur Group had filed insolvency proceedings in early October 2017. The transaction marks the successful end to the efforts undertaken by insolvency administrator Dr. Biner Bähr of White & Case Düsseldorf, who had fought very hard for an investor solution on behalf of Gardeur.

“The acquisition of Gardeur gives me the opportunity to further build and develop one of Germany’s most popular and renowned textile brands departing from a difficult situation. Over the past few weeks I have convinced myself of the concept, processes and especially the commitment of the employees and managers surrounding CEO Gerhard Kränzle and am convinced that we will be able to jointly lead the brand to a new position of strength. Over the coming days I will first personally introduce our ideas and plans to our customers with a view to strengthening their confidence in the brand’s future as quickly as possible,” said Steef Duijndam, founder and head of the Duijndam Group.

“I am happy to have prevented an asset stripping of the Gardeur Group thereby giving the company – and in particular most of its staff – a future. This only became possible by some painful contributions on the part of creditors and employees. I am all the more delighted to have a strategic investor in the form of the Duijndam Group that comes with not only outstanding experience and contacts from the textile industry but also a long-term vision for the Mönchengladbach site,” said Bähr. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Bangladesh demands better prices for garment items from US

Apparel/Garments | On 21st Sep 2018

Bangladesh demands better prices for garment items from US

Bangladesh sought better prices for its exports, especially garments, ...

Courtesy: EFI

Textiles | On 21st Sep 2018

Digital textile printing expected to grow at 20% CAGR

Digital textile printing is at this time about 3-4 per cent of all...

Courtesy:  Vishal Banik on Unsplash

Textiles | On 21st Sep 2018

Pakistan's textile exports up 3.72% in July-August 2018

The value of textile and garment exports from Pakistan increased 3.72 ...

Interviews View All

Veronique Lee, Modavanti

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions &amp; Vertriebs Gmbh, founded in 1978 and headquartered ...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on

Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search