Gerry Weber International AG is a German fashion manufacturer and retailer based in Halle (Westf.), North Rhine-Westphalia. The business which was established in 1973 as Hatex KG by Udo Hardieck and Gerhard Weber is primarily known for its ladies' collections. Shares were listed on the SDAX index, previously on the more important MDAX index of the Frankfurt Stock Exchange. The company's CEO is Angelika Schindler-Obenhaus.[1]

In January 2019 Gerry Weber filed for insolvency; the projected closure of approximately 120 German shops affecting approximately 450 jobs (in addition to ~180 sales points in Europe) was disclosed in April 2019.[2] In January 2020, the insolvency proceedings were discontinued upon request of the company.[3] In March 2021, the sale of the logistics center was announced.[4] In June 2020, the majority of insolvency creditors agreed to defer 35 percent of their claims until the end of 2023 to cushion the impact of COVID-19.[5]

See also

References

  1. ↑ "Management / Gerry Weber International AG". group.gerryweber.com. Retrieved 2020-01-03.
  2. ↑ "Damenmode-Hersteller: Gerry Weber schließt 120 deutsche Läden – 450 Jobs weg". RP ONLINE/Reuters (in German). 5 April 2019. Retrieved 19 March 2020.
  3. ↑ "Gerry Weber lässt Insolvenzverfahren hinter sich" (in German). Frankfurter Allgemeine Zeitung. 2 January 2020. Retrieved 19 March 2020.
  4. ↑ "GERRY WEBER will Logistik-Zentrum Ravenna Park an Mehrheitsgesellschafter der Walbusch-Unternehmensgruppe verkaufen / Pressemeldung / Gerry Weber International AG". group.gerryweber.com. Retrieved 2022-11-11.
  5. ↑ "Modekonzern: Gläubiger von Gerry Weber stunden in Coronakrise ihre Forderungen". www.handelsblatt.com (in German). Retrieved 2023-03-31.
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