After its own insolvency

Peek & Cloppenburg could take over Sinn chain

The German fashion retailer Peek & Cloppenburg Düsseldorf may take over the insolvent textile chain Sinn. According to the Federal Cartel Office, Sinn still operates 35 stores in Germany, most of them in North Rhine-Westphalia. Some stores have already been closed or are to be closed soon.

"From a nationwide perspective, Peek & Cloppenburg has a leading position in the stationary textile retail sector," said Andreas Mundt from the Federal Cartel Office. The takeover would enable the company to further expand its market share in some cities. 

Sinn's creditors are expected to decide in March whether this will actually happen. They will then vote on the insolvency plan and a possible sale to Peek & Cloppenburg. The current shareholder Isabella Göbel is said to want to continue the textile chain. The fashion company filed for insolvency under its own responsibility in August 2024. Since then, business operations have continued in most stores.

P&C Düsseldorf operates around 70 stores in Germany and only completed its own restructuring proceedings in the fall of 2023. The fashion retailer also owns the Anson's chain. Peek & Cloppenburg Hamburg, on the other hand, is a different company.