The heavy-hinged fashion manufacturer Gerry Weber in Germany, 120 shops and 454 – a good 300 in the stores, and the Rest in administration. A corresponding agreement had been signed, was informed by the Westphalian company on Friday. The measures would be implemented “immediately”, it said. The repositioning will be completed by the end of 2021.
The affected employees will receive social plans, severance pay and transfer services. In the current fiscal year, the money accounts for all employees, Annual bonuses and holidays. The financing of the business operation is secured until the year 2020, stressed the company. In Europe it will stay with the plans to close a total of 180 shops with the same number of employees.
Gerry Weber feel now a tailwind in the market, the measures already taken to reposition, said CEO John Ehling. “The effects of the unfortunately indispensable to the remediation measures will strengthen these back wind certainly.”
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hall fashion manufacturer Gerry Weber insolvency
requested to rehabilitate The parent company, Gerry Weber International with around 580 employees was made in January at the district court of Bielefeld application for insolvency proceedings in self-administration, with the declared goal of the company. Of the bankruptcy filing only the parent company was concerned first of all with the brands, Taifun and Samoon. For the 100%-owned subsidiary Gerry Weber Retail, the opening of the insolvency proceedings expected in self-administration for the beginning of may, 2019, the company said. (dpa)
