Investor Duijndam pulls the Gardeur Group out of insolvency

On December 1, 2017, the family-run Duijndam Group from the Netherlands took over the Gardeur Group, a Mönchengladbach-based manufacturer of women’s and men’s trousers, which had filed insolvency proceedings in early October 2017. The company said in a statement that the aim is to stabilise supply in the short term and re-position and expand Gardeur as the German trouser brand on national and international markets in the medium term.

Commenting on the development, Steef Duijndam, Founder and Head of the Duijndam Group, said: “I am happy that the acquisition of Gardeur gives me the opportunity to further build and develop one of Germany’s most popular and renowned textile brands departing from a difficult situation. Over the past few weeks I have convinced myself of the concept, processes and especially the commitment of the employees and managers surrounding CEO Gerhard Kränzle and am convinced that we will be able to jointly lead the brand to a new position of strength.”

“I am happy to have prevented an asset stripping of the Gardeur Group thereby giving the company – and in particular most of its staff – a future. I am all the more delighted to have a strategic investor in the form of the Duijndam Group that comes with not only outstanding experience and contacts from the textile industry but also a long-term vision for the Mönchengladbach site,” added insolvency administrator Dr. Biner Bähr of White & Case Düsseldorf.

Established in 1982 by Steef Duijndam in Rotterdam, the Duijndam Group has been internationally active in retail, sports and textiles for over 30 years. After selling his multi-national equestrian sportswear company, Steef Duijndam developed brands such as HV Polo, HV Society, Imperial Riding, and Easy Rider.

Picture:Facebook/Atelier Gardeur