Munich — According to the industry publication Textilwirtschaft, citing real estate specialists and industry sources, the building at Marienplatz 28—offering a direct view of the City Hall—is changing hands. Wormland occupied approximately 1,500 square meters across four floors, two of which served as retail space. The upper levels were used for storage because Wormland lacks centralized logistics. Insiders within the company ironically referred to the site as “Germany’s most expensive warehouse.”
Annual Rent of Three Million Euros Proved Fatal
The immense cost of rent was a significant burden for Wormland. The clothing retailer paid approximately three million euros per year, according to an insider source cited by Textilwirtschaft. Despite high space efficiency and the efforts of the staff, it was virtually impossible to generate the turnover necessary to cover such overheads. Negotiations with the landlords failed during the ongoing bankruptcy proceedings.
Interim insolvency administrator Stefan Michels did not officially confirm the termination of the lease upon media inquiry. In a statement, he explained: “Wormland is in the process of filing for bankruptcy. In this context, it is understandable that the landlord is exploring future options for the property.” He added that he generally does not comment on individual lease agreements. The building is owned by an estate of heirs, which reportedly includes the Bieler family, who operate the Café Glockenspiel in the same building.
High-Profile Competitors for the Prime Location
Reports indicate that several other international brands showed interest in the prestigious site, including Nike, Adidas, and Lululemon. However, Lindt was ultimately selected. The traditional Swiss company operates a network of approximately 620 proprietary stores worldwide and prioritizes brand presence in premium locations.
In early November 2025, Wormland filed for insolvency for the second time in a short period—just 14 months after its last restructuring attempt. In 2024, the menswear retailer had emerged from similar proceedings and was acquired by the Osnabrück-based fashion house Lengermann & Trieschmann (L&T). Looking back, L&T Managing Director Marc Rauschen admitted that the company had retained too many old structures and implemented necessary cuts too late.
Source: rosenheim24.de
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