After bankruptcies in Germany, Belgium and the Netherlands, bankruptcy proceedings for Gerry Weber in Austria have now also been opened. As the Alpine Officer Association (AKV) announced on Friday, a corresponding procedure was initiated via the assets of Gerry Weber Vertriebs GmbH at the Vienna Commercial Court. The Austrian subsidiary employs three employees at the time of the bankruptcy opening: inside.
As a reason for the application, the company mentions the bankruptcy of the parent company Gerry Weber International GmbH, which had applied for insolvency proceedings in early March. As a result of the financial imbalance of the parent company, the management decided to stop the operational business of several subsidiaries, including the Austrian, and to stop the delivery with goods.
The situation in the Netherlands is different. According to insolvency administrator Marc van Zanten, the supply of the shops with new goods “until further notice” is ensured, as was reported in April. In the meantime, the availability of goods in the Dutch branches has even been expanded, since there is a “great demand for the products of Gerry Weber”, said van Zanten.
Insolven wave at Gerry Weber continues to roll
The AKV also published details on the financial situation of the Austrian Society. Accordingly, there are currently liabilities of 213,000 euros from ongoing business activities, which are distributed on a total of 22 creditors: inside. In addition, the company has taken on a guarantee as part of the so -called “GWI Facilities Agreement”, which relates to the liabilities of the group of companies to a financial investor. This results in additional claims of 46.9 million euros, which, according to the announcement, could be placed at any time.
The current development is part of a long -lasting crisis of the fashion company. Gerry Weber had already submitted the third bankruptcy within six years in March. In 2019, after failed negotiations with banks and creditors, the company had to register bankruptcy for the first time, the procedure was opened in April of the same year. Shortly before, the German retail subsidiary had already applied for bankruptcy, a fate that now meets it again. After completing the procedure at the time, the company managed a temporary restart, but as early as April 2023, Gerry Weber International AG was again forced to renovate renovation measures and initiated a restructuring of German retail.
Further bankruptcy applications have been known since March 2025. In addition to the Austrian society, three other subsidiaries have also applied for bankruptcy to the Bielefeld District Court, including the Dutch daughter Gerry Weber Retail BV and the Belgian branch.