German womenswear brand Les Lunes is insolvent

Sustainably-focused womenswear brand Les Lunes is insolvent. Les Lunes GmbH has filed for self-administration proceedings at the relevant district court in Charlottenburg, the Berlin-based company announced on Friday. The application has been accepted and the preliminary self-administration confirmed. Lawyer Torsten Martini from the law firm Görg has been appointed as the provisional trustee.

The reason for the insolvency is the strained overall economic situation and the associated restrained consumer behaviour. These factors have had a “significant impact” on the company's liquidity in recent months.

Through the self-administration proceedings, Les Lunes aims to overcome its current economic challenges and secure its future. The company is being supported by restructuring expert Alexander Dietel from the consulting firm Falkensteg, who has been appointed to the management board. He will collaborate with the existing management team around Benjamin Höhner and restructuring lawyer Nadja Raiß from the law firm K&L Gates to review available restructuring options.

“The self-administration gives us the opportunity to advance necessary restructuring measures and enable the company to have a fresh start,” said Dietel. “We want to position Les Lunes to operate efficiently and sustainably in the market going forward.”

Business operations will continue without restriction during the proceedings. The 36 employees will receive insolvency benefits from the Federal Employment Agency for a period of three months in lieu of their wages and salaries. They were informed of the current situation and the next steps yesterday.

About Les Lunes

Les Lunes offers sustainably-focused womenswear, using natural and “resource-efficiently produced materials”. The simple, mostly monochrome pieces are sold mainly through its own online shop, as well as at fashion retailers like Breuninger, Best Secret and Zalando.

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