Gerry Weber GmbH, Vienna is insolvent.
Almost three months after the start of the restructuring process at Gerry Weber International AG, the Austrian subsidiary is now also filing for bankruptcy at the competent commercial court in Vienna, the clothing supplier from Halle in Westphalia announced on Thursday. The opening of the insolvency proceedings is expected in the coming days.
Gerry Weber plans – like in Germany – to focus more on the wholesale business in Austria as well and intends to further expand this in the future. The core of the sales strategy in Austria is to focus on partnerships with retail customers in wholesale.
Off for 19 locations in Austria
The company’s own stores, which currently include 17 locations and two outlets in Austria, will no longer be operated in the future. It is currently to be expected that the company’s business operations will be discontinued as part of the insolvency proceedings, according to the announcement. This will eliminate around 75 full-time jobs.
“We would like to thank all colleagues who have always worked with passion for our company and our brands,” said Angelika Schindler-Obenhaus, CEO at Gerry Weber. “This step strengthens the focus on the healthy core and the realignment as a more resilient, resilient company with a solid foundation. In Austria, we are now putting all our energy into expanding existing partnerships and building new ones in retail.”
Neither Gerry Weber International AG nor any of the other subsidiaries are affected by the bankruptcy proceedings in Austria. The group’s ability to deliver remains fully guaranteed and the order for the SS24 collection is also going according to plan.