According to information from the specialist magazine Immobilien-Zeitung, Managing Director Frank Revermann confirmed that the insolvent concept is closed. 13 of the 23 branches have been closed in the past few weeks. With the last ten branches, the concept was to be continued according to a prepared bankruptcy plan, as Sulter Michael W. Kueheisa explained to Schuhkurier in July.
The cause of the closure is the continuing massive consumption supply in the shoes area, Revermann told the real estate newspaper. Despite considerable concessions by the landlords and suppliers, the previously positive investor process could therefore not be successfully brought to the conclusion.
Frank Revermann took over Onygo as the owner and managing director of Deichmann. In October 2023, Deichmann announced that he wanted to close the branch lists at the time 28 branches until August 31, 2024. The Essen branchist explained “that our business model, which is aimed at a young fashionable customer, cannot be operated economically in the long term.” The former Görtz CEO Revermann took over the concept in March and founded onygo Retail GmbH, which in turn applied for the opening of insolvency proceedings in self-administration a little over a year later.
