Once again in trouble
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One and a half years after its reorganization, the German women's fashion manufacturer Gerry Weber is once again insolvent. One reason was the poor Christmas business, according to the report. The company is planning to restructure itself, but under the supervision of administrator Lucas Flöther.
In addition, restructuring expert Christian Gerloff, who has extensive experience in the fashion industry, is to organize the rescue. The local court in Bielefeld has already approved the insolvency proceedings.
Gerry Weber was first insolvent in 2023. At that time, however, only the retail subsidiary Gerry Weber Retail and the Austrian subsidiary went into insolvency and the creditors waived their claims. New loans were provided.
The fashion manufacturer wanted to concentrate on wholesale and close the majority of its own stores. At the time, it was announced that 19 locations in Austria would be closed and 75 jobs would be lost.
The company had already gone through insolvency proceedings in 2019. It was founded in 1973 by Gerry Weber and Udo Hardieck.
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