Wed 03/23/2022 11:09 AM
Orsay Restructuring Update from Reorg's EMEA Middle Market team.
Fashion retailer Orsay has terminated contracts for its 200 German stores with landlords and informed staff that it may have to end their employment as the search for a new investor or operator of the retailer has so far not been successful, sources told Reorg.
If no new owner for the chain can be found soon it will likely enter a liquidation, sources said. The shops have also started selling off all of their inventory,...
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