Germany’s Federal Cartel Office Approves Closed Takeover
Germany’s Federal Cartel Office has officially approved the acquisition of Closed by investors Böck and Holzer. This green light marks a significant milestone for the brand, signaling a new chapter for the renowned fashion label. The regulatory body concluded that the acquisition would not negatively impact competition within the market, allowing Böck and Holzer to proceed with their plans.
What This Means for Closed and the Fashion Industry
With the approval in place, insolvency proceedings for Closed can now move forward. Böck and Holzer, who have a long-standing reputation in the industry, are expected to inject new life and strategic direction into the brand. The decision ensures that consumers will continue to have access to Closed’s unique styles and products. Industry watchers anticipate that the company will now focus on expanding its market presence and strengthening its position in the competitive fashion landscape.
