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Gerry Weber International GmbH (formerly, 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 is led by three managing directors. [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
- ^ "Management / Gerry Weber International AG". group.gerryweber.com. Retrieved February 14, 2024.
- ^ "Damenmode-Hersteller: Gerry Weber schließt 120 deutsche Läden – 450 Jobs weg". RP ONLINE/ Reuters (in German). 5 April 2019. Retrieved 19 March 2020.
- ^ "Gerry Weber lässt Insolvenzverfahren hinter sich" (in German). Frankfurter Allgemeine Zeitung. 2 January 2020. Retrieved 19 March 2020.
- ^ "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.
- ^ "Modekonzern: Gläubiger von Gerry Weber stunden in Coronakrise ihre Forderungen". www.handelsblatt.com (in German). Retrieved 2023-03-31.
External links
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- 1973 establishments in Germany
- Clothing brands of Germany
- Clothing companies established in 1973
- Clothing retailers of Germany
- Companies based in North Rhine-Westphalia
- Companies listed on the Frankfurt Stock Exchange
- Halle (Westfalen)
- Retail companies established in 1973
- Companies formerly in the MDAX
- Fashion stubs
- German company stubs