Gerry Weber International AG news and archive

Gerry Weber files for insolvency petition to restructure German retail business

Gerry Weber International AG has undertaken the financial restructuring process of the company and will file an application for the initiation of proceedings with the competent local court in Essen for this purpose on April 19, 2023. The company said in a statement that the restructuring project is a result of complex challenges posed by...

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Gerry Weber receives 49.2 million euros in funding

Gerry Weber International Ag has announced that in the ongoing insolvency proceedings under self-administration, the company has received 49.2 million euros (55 million dollars) in funding from Robus Capital Management Ltd. and Whitebox Advisors LLP. Commenting on the development, Johannes Ehling, spokesman of the managing board of Gerry Weber...