Görtz is looking for investors
22.08.2013 8739

Görtz is looking for investors

Berlin-based footwear company Görtz Beteiligungsgesellschaft plans to look for new capital that will strengthen the company's market position in the long term.

The sole owners of the 140-year-old company bearing their surname, the Ludwig Brothers, Friedrich and Thomas Görtz, want to find a suitable partner who would acquire a part or controlling interest and could help Görtz compete in the German shoe market. A new partner may be a foreigner, but he must have the knowledge necessary for competition in the local market. One of the reasons for the new course of action is the fact that the three brothers are aging and do not have an heir within the family who could take the decision-making. Now, the elder brother Ludwig Görtz, who is already 78 years old, is taking the most active part in the affairs of the company.

The financial position of the company is difficult today. In 2008, Görtz embarked on a large-scale expansion campaign in Germany, Switzerland and Poland, attracting investments of around € 25 million; but then, the company decided to leave the Polish market in order to concentrate on streamlining the operation of its German stores. Görtz closed 16 unprofitable stores last year, with 15 more due to close by the end of 2013. At the same time, 2012 new stores were opened on the German market in 6; and seven more are planned for 2013-14. The expansion campaign boosted sales from € 300 million in 2008, to € 330 million in 2009 and € 400 million in 2011; but in 2012, sales remained roughly at the 2011 level, and this year they are likely to fall to € 380 million.

Berlin-based footwear company Görtz Beteiligungsgesellschaft plans to look for new capital that will strengthen the company's market position in ...
5
1
Rating

Latest News

Simac Tanning Tech launches in Milan, focusing on exports to South America and Africa

The 52nd international exhibition Simac Tanning Tech will be held in Milan from September 15th to 17th. It will showcase equipment, technologies, and solutions for the footwear, leather, and tanning industries.
14.09.2026 70

Stuart Weitzman opens Shanghai store at Plaza 66

New York-based premium footwear brand Stuart Weitzman opened a store in a prestigious Shanghai shopping mall and launched a major international campaign in support of its signature model, the 50/50 boot. The store opening featured a new global…
11.09.2026 670

Inventive Retail Group announced the launch of a new loyalty program.

Inventive Retail Group announces the launch of the EGO Privilege Club – a new loyalty program for its customers that unites all restore companies: Samsung Galaxystore, Street Beat, AMAZING RED, Hiker, Mir Kubik, and…
10.09.2026 819

St. Petersburg footwear brand ANKI Team has released sneakers in collaboration with SIBUR.

Local footwear brand ANKI Team released a sneaker collection in collaboration with Kazan-based Russian petrochemical holding company Sibrur. For the footwear brand, the collaboration marks the launch of a series of sneakers dedicated to cities…
09.09.2026 1087

The top ten countries by footwear consumption in the world according to APICСAPS

The Portuguese Association of Footwear Components and Leather Goods Manufacturers APICСAPS has compiled a ranking of the leading countries in terms of footwear consumption in 2025…
09.09.2026 968
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning