Gerry Weber news and archive

Gerry Weber writes dark red figures for 2022, forecasts turnover decline in 2023

Clothing supplier Gerry Weber has had another eventful year. In April, parent company Gerry Weber International AG initiated restructuring proceedings based on German law and the Stabilisation and Restructuring Framework for Enterprises (StaRUG). At the same time, the German subsidiary Gerry Weber Retail GmbH filed for bankruptcy, followed by...

Business

Gerry Weber partners with PDS subsidiary Techno Design for sourcing

German fashion and lifestyle brand Gerry Weber International AG has entered into an exclusive strategic global sourcing partnership with Dusseldorf-based Techno Design GmbH, a subsidiary of global fashion infrastructure company PDS. As part of the partnership, Techno Design will take over the existing sourcing operations of Gerry Weber from 1st...

Business

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...

Fashion Featured

Denim trends: The rise of circular denim

More and more eco-conscious innovations are seeing the light of day and the circular economy is surely one of them. The fashion industry is used to a linear production, which by definition ends with garments in landfills. But many shifts have occurred over the last few years to offer a more sustainable and ethical approach to a product’s life....

People |INTERVIEW Featured

Women in leadership: Angelika Schindler-Obenhaus, CEO Gerry Weber

At the time of this interview, Angelika Schindler-Obenhaus was still COO of Gerry Weber International AG, in the meantime, she has been promoted to CEO. FashionUnited spoke with her about her plans for Gerry Weber, her leadership style and the quota of women on boards in Germany. Ms. Schindler-Obenhaus, please describe your career so far. I...

People

Gerry Weber founder Gerhard Weber dies aged 79

Gerhard Weber, the founder of German fashion retailer Gerry Weber, has died at the age of 79. He passed away in the night between 23 and 24 of September, the company announced in a statement. “In the name of all of our employees, we express our deepest condolences to the family of Gerhard Weber,” said CEO Alexander Gedat. “With tremendous...

Business

Gerry Weber sales slump but losses narrow

Gerry Weber has reported a drop in sales yet narrowing losses for the first half of the year after the company was impacted both by the Covid-19 pandemic and its ongoing restructuring. Group sales for the six months fell 43.3 percent to 140.5 million euros, compared to 247.7 million euros in the prior-year period. The company estimated that...

People

Gerry Weber announces management board changes

Gerry Weber International Ag has announced that the company has appointed Alexander Gedat, Head of the supervisory board of Gerry Weber since December 2019, as interim Chairman of the managing board. The company said in a statement that this change became necessary, after spokesman of the managing board Johannes Ehling and chief product officer...

BusinessFeatured

How Gerry Weber is planning its turnaround

German womenswear brand Gerry Weber is revamping its collections in a bid to turn around its business after insolvency proceedings ended in January. The retailer has updated its main collection to meet customer demand for softened prints and colours, said chief product officer Urun Gursu in an interview in Dusseldorf in January. He also stressed...

Retail

Gerry Weber to close all UK stores

German fashion retailer Gerry Weber plans to close all its UK stores by October as part of an ongoing restructuring plan. Gerry Weber International's most recent financial report for the 2016/17 year stated the retailer had 26 stores in UK and Ireland. “In the UK, Gerry Weber will concentrate its operations on its wholesale business, to...

Business

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...

Business

Fashion crisis: more and more popular brands are struggling

The German textile industry is awash with bad news: well-known manufacturers like Gerry Weber, Tom Tailor and Esprit seem to fail to attract enough customers. And that's not just because of the record breakingly hot summer of 2018. A famous name is no longer enough in the fashion world to guarantee a secure future. More and more established...