Location of affected unit(s)
various locations
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Via Stalls And Markets Or Other
47.82 - Retail Sale Via Stalls And Markets Of Textiles, Clothing And Footwear

270 jobs
Number of planned job losses
Job loss
Announcement Date
22 August 2023
Employment effect (start)
22 August 2023
Foreseen end date
1 September 2023


The German fashion retailer Deerberg has announced that it will close and lay off its 270 employees. Eight branches in Hamburg, Velgen, Oldenburg, Münster, Hanover, Cologne, Flensburg and Büsum as well as the head office in Hanstedt (Lower Saxony) are affected.

The company had announced insolvency in June and has been trying to find investors. However, no investors could be found, which is why the majority of the 270 employees will be made redundant on 1 September 2023. The remaining employees are to organise the sale before they too are made redundant. The insolvency of the fashion retailer was the result of a drop in consumer demand and increased inflation.

Deerberg's insolvency is not an exceptional case. Other fashion retailers have already filed for insolvency in 2023, for example Peek & Cloppenburg Peek & Cloppenburg-2023-DE, Gerry Weber Gerry Weber-2023-DE or Primark Primark-2023-DE.


  • 22 August 2023: Frankfurter Allgemeine Zeitung (online) (www.faz.net)
  • 4 September 2023: Münchner Merkur (online) (www.merkur.de)


Eurofound (2023), Deerberg, Closure in Germany, factsheet number 200260, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200260.