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Shock for sneaker fans: Onygo reports bankruptcy and questions 150 jobs!
The onygo shoe brand reports bankruptcy. 23 branches affected in Germany, around 150 jobs in danger.
Shock for sneaker fans: Onygo reports bankruptcy and questions 150 jobs!
The Belgian shoe brand Onygo filed for bankruptcy on June 5, 2025, a step that conjures up an uncertain future for the 23 branches in Germany and the approximately 150 employees. The insolvency proceedings were already opened by the Hamburg District Court in April, especially since Onygo was taken over by Frank Revermann, the former managing director of Görtz, from the Deichmann portfolio in spring 2024. The aim of the company management is to preserve financial responsibility in self -administration and at the same time maintain as many jobs and locations as possible, but negotiations with the landlords of the branches are crucial for the future. [ ruHR24.de ] reports that the focus on sneakers, fashion and Accessories for young women.
The bankruptcy application was already submitted on April 22, 2025 when the financial difficulties became apparent. The decline in sales in e-commerce, which was recently discontinued, played an important role in the company's financial misery. Although no precise details were announced on the reasons for insolvency, chief Revermann confirmed his responsibility towards creditors and employees. "We are on the ball," said Revermann, who has hope for the branches to negotiate market-friendly conditions. [ FashionNetwork.com ]
The brand onygo
Onygo was founded in 2016 as the daughter of the Deichmann Group and positioned itself as a trend-conscious brand for young women. Surveys show that the brand was popular with young customers. The 23 branches are located in cities such as Berlin, Hamburg, and Stuttgart, all of whom are in direct competition with other shoe suppliers. [ Statista.com ]
bankruptcies in Germany and the effects
The topic of bankruptcy is not uncommon in Germany. In 2023, around 110,200 bankruptcies were registered, a decline compared to previous years. Nevertheless, there was an increase in corporate bankruptcies, especially in the service sector, in which onygo is also active. The bankruptcy means that the company can no longer meet its payment obligations; The aim of the procedure is to find a fair solution for everyone involved. [ Statista.com ]
Developments related to Onygo also raise questions about the future of retail. At a time when many companies have to struggle with economic challenges, it remains to be seen whether onygo has a chance of renewal due to the self -administration and the landlord ready to talk or whether there are further branch closings and job losses.