Görtz remains alive: branches in Oldenburg and Lübeck secured!

Görtz branches in Oldenburg remain open according to bankruptcy. The handover to investors will continue.
Görtz branches in Oldenburg remain open according to bankruptcy. The handover to investors will continue. (Symbolbild/MND)

Görtz remains alive: branches in Oldenburg and Lübeck secured!

Oldenburg, Deutschland - bad news often come in waves, but the latest developments on the subject of Görtz give rise to hope. The traditional shoe retailer, which was founded in 1875, has now passed his second bankruptcy within a few years. This time the bankruptcy proceedings were ordered by the Hamburg District Court on January 21, 2025, and the renowned lawyer Gideon Böhm from the Münzel & Böhm law firm assumes the responsibility for the insolvency administration. Despite the tense situation, those responsible are optimistic: the branches in Dresden and Oldenburg remain open and the sale continues.

With a strategic plan in the back, Görtz aims to win potential investors and maintain business activities. According to [Kreiszeitung.de] (https://www.kreiszeitung.de/lokales/niedersachsen/gute-fuer-norden-norden-norden-schriese-schliesst--weiter- afterno-insolvenz-93784990.html) no further closures are currently planned in the north. The branches in Lübeck and Oldenburg also remain on time and rely on the backing of the locally committed teams and the support of the customers.

closures and challenges

However, not everything is rosy in Görtz. Due to rent debts, numerous locations have had to close over the past few years, including the flagship in Hamburg. The development of the past few months has shown how serious it is about many retail companies. Observations of the Tagesschau show that the number of bankruptcies in Germany in 2024 increased significantly with over 21,800 corporate insolvencies-an increase of around 22 % compared to the previous year. These crises have left traces and it is clear that the shoe trade is not inevitably blessed.

The situation shown illustrates how much the economy is characterized by external shocks. This is also reflected in the statistics: 6 % of all corporate closures are expected to originate in bankruptcy proceedings. Of course, bankruptcy often goes hand in hand with the prospect of a second chance, but not every company finds the right way back.

The way forward

The current situation at Görtz shows that there can also be positive developments in times of crisis. So far, the focus seems to be on sustainable renovation and the return of the company. Even if the parent company in Hamburger Spitalerstrasse and several other branches had to close, the focus is on the rescue of at least three locations, including Lübeck, by potential investors. Görtz has already received support for the creation of jobs in the past; Around 650 jobs were preserved during the first bankruptcy.

At least there is a glimmer of hope for the workforce: the salaries and wages are currently paid from the sales proceeds of the open branches. A sign that the teams in Oldenburg and Lübeck have a good hand when it comes to attracting customers from the region.

Whether Görtz comes out of this crisis in the long term remains to be seen. The next few months will be crucial to see if it is possible to find a sustainable solution. A positive example in a time when many companies in Germany come under pressure-a challenge that will remain in the coming years, as ifm-bonn.org reports.

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OrtOldenburg, Deutschland
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