The insolvent shirt manufacturer Eterna will cease operations in Passau after no buyer was found. Around 400 employees are affected, while the brand could continue separately. The insolvency was filed in December.
Eterna, a traditional manufacturer of business shirts and blouses, will cease its operations in Passau. After 163 years of company history, management announced that continuation is impossible. Insolvency was filed in December, and despite intensive search, no buyer was found.
Initially, there were more than 20 interested parties for the company. However, the sales process was "ended without result," as management stated. The creditors' committee has approved the planned closure. Operations are to be shut down by summer 2026, with no exact date given.
At the headquarters in Passau, around 400 employees work. Main customers include office workers and managers. Only the company name "Eterna" is being sold, allowing the brand to continue independently from the previous company and without the Passau site.
Eterna was founded in 1863 in Vienna as a textile workshop, with the Passau headquarters established in 1927. The company was one of the few remaining traditional houses in the German clothing industry. Financial difficulties have persisted for years; Eterna underwent a restructuring procedure in 2021. The fashion industry as a whole is under pressure.