Berlin trade show Panorama has filed an application to open insolvency proceedings and is planning to launch a new format.
It applied to open proceedings on its own assets at the Berlin district court of Charlottenburg on 28 February.
Panorama, which now includes sustainable show Neonyt and premium denim exhibitions Selvedge Run and Zeitgeist, moved to a new home in the former Tempelhof airport – home to Berlin trade show Bread & Butter at its height – for autumn 20. The autumn 20 Berlin shows ran on 14-16 January.
“It became necessary to file for insolvency because the relocation of the event from the trade fair grounds under Berlin’s Funkturm radio tower to the new venue at Tempelhof Airport entailed far higher costs than planned, including a number of unforeseen developments”, a statement from the organisers said.
Provisional insolvency administrator Niklas Lütcke, said: “The preliminary insolvency proceedings ensure that business can continue. We are currently making every effort to resolve this situation soon. The aim of everyone concerned is for Panorama Berlinto be held in the summer and we are confident that this will be the case.”
Panorama Berlin and Selvedge Run organizer and managing director Jörg Wichmann said: “The positive feedback from the industry and retailers regarding our January event has really motivated us to hold a summer 2020 edition of Panorama Berlin.
“In the weeks to come, we will be working extensively to secure a binding commitment from the industry in this regard. In spite of the unavoidable insolvency petition, we are determined to put on a successful sector event in the summer that will allow us to work together with a view to safeguarding Berlin as a fashion destination for many years to come.”
Drapers has contacted the trade show organisers for comment.