Now the Austrian subsidiary of the clothing chain Gerry Weber has also ended up in the insolvency vortex. Almost three months after the start of a restructuring process at the German group, it is now known that numerous branches in Austria are also affected…
According to reports, Gerry Weber now wants to focus mainly on wholesale activities and intensify work with private customers. 19 locations in Austria would fall victim to this strategy. “We would like to thank all colleagues who have always worked with passion for our company and our brands,” says managing director Angelika Schindler-Obenhaus to the news site “Fashion United”.
75 workers are said to have been affected.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
