Luxury crisis: The German subsidiary of the luxury label Bally is insolvent
The Swiss traditional brand Bally is fighting for survival. Now the German subsidiary has filed for insolvency - and is preparing for a clearance sale.
Bally's German subsidiary, B. D. Retail Deutschland GmbH, based in Munich, has filed for insolvency. The company's previous name was Bally Deutschland GmbH. Henrik Brandenburg, a lawyer from Müller-Heydenreich Bierbach & Kollegen, has been appointed provisional insolvency administrator and is facing difficulties in obtaining information from the Swiss parent company. The staff at Bally's last remaining German store in Metzingen have been informed and a clearance sale is to be prepared.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
