Home / Knowledge / News / Textiles / Fashion trade fair Bread & Butter files for insolvency
Fashion trade fair Bread & Butter files for insolvency
27
Dec '14
Organisers of German fashion trade show, Bread & Butter have filed for insolvency last week, following cancellation of the Bread & Butter show scheduled for January 2015.

In a statement, the organisers said, "Bread & Butter, having been caught up in turbulences lately, is to be restored to profitability with the help of the legal instruments now on hand."

However, the retail store business - 14 oz. stores, which belongs to the company, will be continued and also its online portal - 14 oz. web.

Founder Karl-Heinz Müller said, "Many will understand how painful taking this step was for me. But due to legal obligations, I had no other choice.”

He added, “After the cancellation of our January event, we received an unexpected wave of encouragement and support.

“Therefore we are working on an alternative concept for January 2015 already: "Bread & Butter – Back To The Street", for those who are willing to dare taking the next step with us on such short notice," he noted.

On the same day that it filed for insolvency, attorney Christian Graf Brockdorff from BBL was appointed preliminary insolvency receiver.

According to Brockdorff, B&B has a highly motivated team of specialists who have expressed their strong will to continue the company’s activities.

“This is why my team and I will offer our greatest possible support, in order to secure financial recovery and continuation of business, which includes hosting the January 2015 event," Brockdorff said. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Jun 2021

Half of all cotton-growing regions face severe climate risks by 2040

Climate change could expose half of cotton-growing regions globally...

Pic: Shutterstock

E-commerce | On 25th Jun 2021

UK shoppers struggle to be understood by chatbots: survey

Though chatbots are mainly used for customer service, more than half...

Pic: Shutterstock

Textiles | On 24th Jun 2021

Canada, Indonesia discuss Comprehensive Economic Partnership Agreement

Canada and Indonesia recently began negotiations over a Comprehensive ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Raiyan Islam,

Raiyan Islam

Founded in 1981 by Sayeeful Islam, Concorde Garments Group is a market...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2021

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


Advanced Search