The insolvency administrators Biner Bähr and Bero-Alexander Lau, partners at White & Case, succeeded in selling the business operations of the Herford-based company to companies of the Röther Group, the law firm announced. This includes the insolvent clothing group Ahlers AG, as well as the subsidiaries Ahlers P.C. GmbH, Ahlers Retail GmbH, Ahlers Zentralverwaltung GmbH, Ahlers Vertrieb GmbH, Pionier Berufskleidung GmbH, Pionier Jeans-Bekleidung GmbH and Baldessarini GmbH, and Ahlers Textilhandel GmbH & Co. KG.
However, shares in numerous subsidiaries, including those in Poland and Sri Lanka, which were not affected by the insolvency proceedings, will also be transferred to the group behind the retailer Modepark Röther. The effectiveness of the purchase agreements is still dependent on the occurrence of several closing conditions, the statement said.
As part of the planned restructuring, a new holding company has already been established, which Michael Röther, the company’s managing partner together with Fabian Messer, who is also a member of Modepark Röther’s management, will lead. The name Ahlers will disappear in the course of the reorganization, but the previous group headquarters in Herford will continue to be used with a reduced workforce.
The Baldessarini, Otto Kern, Pierre Cardin, Pioneer Jeans and Pionier Workwear brands affected by the takeover are to be established as separate GmbHs under the umbrella of the holding company following completion of the takeover. According to the Röther Group, they will operate in future as New P.C. GmbH (Pierre Cardin), New Baldessarini GmbH (Baldessarini), New Pioneer GmbH (Pioneer), New Pionier Berufsbekleidung GmbH (Pionier Workwear) and Otto Kern GmbH (Otto Kern).
