Gerry Weber news and archive

Gerry Weber slides into insolvency again

Less than two years after its last insolvency proceedings, Gerry Weber International GmbH (GWI), the holding company of the Halle, Westphalia-based fashion supplier, has filed for insolvency under self-administration. The Bielefeld District Court has already approved the application and ordered preliminary proceedings, Gerry Weber announced on...

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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...

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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...

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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....

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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...

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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...

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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...

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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...

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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...

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Gerry Weber founder Udo Hardieck dies at the age of 74

Gerry Weber International AG announced this morning that the company’s founder, Udo Hardieck passed away yesterday, June 11 at the age of 74 due to a serious illness. Hardieck, with Gerhard Weber, created the internationally listed fashion group, originally named Hatex KG, in 1973. Gerhard Weber and Ralf Weber, CEO of GERRY WEBER International...

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Gerry Weber slips to net loss in Full Year 17

Fashion retailer Gerry Weber International AG reported Thursday that its fiscal 2017 consolidated net loss was 0.8 million euros, compared to net income of 0.5 million euros in the prior year. Loss per share was 0.02 euro, compared to earnings per share of 0.01 euro a year ago. Consolidated EBITDA for the year fell 24.7 percent to 58.2 million...

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Gerry Weber to axe jobs

German fashion chain Gerry Weber is prepared to axe a series of jobs, as the company hopes to remove any weak areas in the business following a sluggish performance during the first half of its financial year 2014/2015, during which operational profit dropped 26.8 percent to 36.2 million euros. It remains unclear which roles within the company...