- Angela Gonzalez-Rodriguez
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German online fashion and lifestyle products startup Lesara has filed
for insolvency at its headquarters in Berlin.
The companys co-founder for insolvency proceedings in
self-administration for Lesara AG and logistics subsidiary Lesara Logistics
at the district court of Berlin-Charlottenburg. All major expenditures and
decisions must now be approved first by Potsdam attorney Christian Graf
Brockdorff, the trustee appointed by the court, explains the
Handelsblatt.
Founded in 2013, the fashion retailer raised a total of circa 85 million
euros in funding. Earlier this year, Lesara secured 30 million euros from
existing investors like Northzone, Mangrove Capital Partners a…
Read the full article at: https://fashionunited.uk/news/business/german-fashion-startup-lesara-files-for-insolvency/2018111439949