Madeleine had to file for insolvency in August 2023. According to law firm Schultze & Braun, the last remaining investors have withdrawn.
“In order to give Madeleine a future perspective and to be able to realign the company in a new and, above all, more digital way, the entry of an investor was and is an absolute prerequisite,” emphasized Daniela Angerer, the company’s CEO, in a statement. “Without an investor solution, I therefore had to make the difficult decision to discontinue Madeleine’s business operations at the end of December.” According to Angerer, it is currently “not realistic to assume that an investor will be found”.
Like Peter Hahn GmbH, Madeleine is part of the Munich-based textile group TriStyle. Peter Hahn is also in financial difficulties and applied for protective shield proceedings in October. The company is even more optimistic about finding investors.