German trade show Panorama files for insolvency
According to Insolvenzbekanntmachungen.de, Berlin lawyer Niklas Lütcke has been appointed as provisional insolvency administrator.
The fashion fair celebrated the first edition of a redesigned format in January, after reviewing its concept to meet the changing demands of the sector. By starting insolvency proceedings, Jörg Wichmann is looking to enter a restructuring process, local media outlets reported. The idea is to introduce a completely new format and start the new season with a healthy balance sheet.
Wichmann said the summer edition will go ahead, taking place from 30 June to 2 July at Tempelhof in Berlin.
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