Sempione Fashion AG filed for bankruptcy
Lenz & Staehelin advised Sempione Fashion AG, distributor of the brands of leading Italian fashion retailer OVS, on its restructuring efforts which led to a composition moratorium granted on 30 May 2018 by the competent district court. During the composition moratorium under the supervision of a court appointed administrator the company successfully managed the liquidation sale and the return of over 140 stores spread all over Switzerland. On July 30, 2018, following the definitive closure of the stores, Sempione Fashion AG in consultation and coordination with the administrator filed for bankruptcy which was granted on 2 August 2018.
The team was led by Tanja Luginbühl and Roland Fischer and included associates Hannes Kieser and Anja Affolter (all Insolvency and Restructuring), among others.