German magnificence retailer Parfümerie Pieper has introduced that it has filed for insolvency. It’s going to hold its 140 shops and on-line store open for now.
In a letter to suppliers, the corporate said that it went beneath self-administration on Nov. 20 after submitting on the Bochum Native Courtroom in Bochum, Germany. It’s going to undertake restructuring whereas “sustaining ongoing enterprise operations,” in keeping with the letter. The Enterprise of Magnificence has reached out to the corporate and is awaiting remark.
In response to German media, the Herne-based retailer will cowl three months of salaries for workers. Administration will stay in place, and distributors might want to register excellent claims after insolvency proceedings start, which the corporate estimates to be on Feb. 1, 2026. Funds for orders positioned after the graduation of self-administration shall be coated by the insolvency property.
Based in 1931, Parfümerie Pieper operates an e-commerce store and bodily shops throughout Germany with a variety of prime worldwide manufacturers together with Chanel, Estée Lauder and Lancôme. The way forward for its shops shall be determined in the course of the insolvency course of.
Different magnificence retailers within the nation have seen indicators of depressed client demand. In March 2025, German magnificence retailer Douglas minimize its steering for the 12 months resulting from a “very important” shift in spending. Its third-quarter report launched in September maintained the identical steering and said its plan to arrange a brand new mid-term forecast resulting from “world macroeconomic and political developments.”
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