Reference transaction
Advisor to Ludwig Görtz GmbH
including its subsidiaries Görtz Retail GmbH and Görtz Logistik GmbH
Görtz Group is one of the leading multi-brand shoe retailers in Germany, founded in 1875 in Hamburg, with an extensive national coverage of 160 stores and revenues of up to EUR 200m with about 1,900 employees prior to restructuring. The product portfolio comprises own as well as well-known third-party shoe brands with a broad product offering of women's and men's shoes, children's shoes, bags, and accessories as well as apparel, distributed through Görtz retail stores, an own online shop and over third-party e-commerce platforms.
Görtz Groups transformation to an omnichannel retailer has been very successful in recent years. However, the Covid-19 pandemic and restrained consumer behaviour have slowed down further growth and the company sought protection under an insolvency scheme in self-administration to implement a comprehensive restructuring concept. Despite inevitable streamlining of the store portfolio, Görtz Group will continue to have a presence throughout Germany and Austria with about 80 stores and will pursue its omnichannel and shopping experience strategy with a focus on scalability and profitability in all sales channels.
