The German women’s fashion manufacturer Gerry Weber is again a year and a half after the Insolvent renovation. One reason was the bad Christmas company, according to the report. The company itself is planning a renovation, but under the supervision of manager Lucas Flöther.
Moreover, renovation expert Christian Gerloff, who has a lot of experience in the fashion industry, is organizing salvation. The Bielefeld court has already approved the bankruptcy procedure.
Gerry Weber was only Insolvent in 2023. At that time, only Retail daughter Gerry Weber Retail and the Austrian subsidiary went bankrupt, the creditors have abandoned their demands. New loans were provided.
The fashion manufacturer wanted to concentrate on the wholesaler and close a large part of their own stores. At that time it was said that 19 locations in Austria should be closed and 75 jobs are lost.
The company had already undergone an insolvency procedure in 2019. It was founded in 1973 by Gerry Weber and Udo Hardieck.
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.
