Eterna Mode GmbH has filed for insolvency under self-administration at Passau District Court.
The aim of the proceedings is to implement the final milestone in the transformation of the Passau-based shirt and blouse specialist. This includes the complete outsourcing of logistics as well as the sale and leaseback of the company premises, Eterna announced on Tuesday. The application was necessary because “some of the financial creditors secured against the property did not agree to the sale and leaseback of the premises”.
The implementation of the transformation through the proceedings is supported by Eterna’s key financiers, customers, suppliers and partners, according to the statement. Business operations will continue unchanged under…