Export to Germany
The structure of fashion distribution in Germany
The breakdown of the fashion circuit in 2009, in percentages, is as follows (Source: Eurostat MFI ‘the fashion consumer'):
Independents 19%, chains 32%, sports shops3%, Department stores and variety stores 12%, Hyper/supermarkets 6%, Remote sales 15%, Discounters 7%, Other 6%
Useful information on the Fashion Market in Germany
Precautionary measures for the B to B debts
Payments are mainly made by transfer. In German law, formal notice is not obligatory to begin legal proceedings. However, the creditor must be certain that the debtor's payment is outstanding before starting proceedings before the court. With our online payment management platforms and our credit insurance policy, taken out in your name, on your behalf, you have interesting tools to manage your current and future outstanding balances.
As precautionary measures, we cite the retention of title mechanism that has been set up for a long time in German commercial law, as well as the Civil proceedings code, which outlines a specific procedure for garnishment. Our debt recovery department will inform you of any advice on precautionary measures to take in the framework of the management of accounts receivables.
Useful information on debt recovery in Germany: Download an extract of Atradius Collections 2011