Duca del Cosma, the German brand of golf and golf-inspired shoes and clothing, has filed for insolvency proceedings in a court at Landshut. Plans are to stabilize the financial situation and to look for professional investors with the help of Advantum Corporate Finance. The brand was launched in 2004 by an Italian designer, Baldovino Mattiazzo, and a German entrepreneur, Antje Elle. The management blames growing competition and a recession in Central Europe for the problems of this brand, whose range was expanded last year, while maintaining a touch of Italian elegance. Its annual sales have varied in recent years between €3.5 million and €5 million.

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