The Böck family, owners of Marc O’Polo , and Supervisory Board member Dieter Holzer acquired Closed out of insolvency proceedings at the end of last week. The company appointed Holzer as the new CEO of the Hamburg-based premium label.

Closed will remain fully independent, including its wholesale, retail, online, and outlet businesses. A notary has finalized the contracts, and all parties expect to fulfill the agreed conditions during October. They agreed to keep the purchase price confidential.

The Böck family holds 74.9% of the acquiring company, and Holzer owns 25.1%. The new entity will operate under the name “CLOSED NewCo GmbH” and remain based in Hamburg. Chief Product Officer Gordon Giers and Chief Sales Officer Til Nadler will stay on the management team.

The Hamburg Local Co

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