Gerry Weber slips into bankruptcy again

The Westphalian women’s fashion manufacturer Gerry Weber is again in an imbalance one and a half years after the renovation. The Bielefeld District Court approved insolvency proceedings in self -administration, as can be seen from the publication of the court.

The company from Halle in Westphalia can thus renovate on its own, but under the supervision of administrator Lucas Flöther. Leaves the renovation specialist Christian Gerloff, who has great experience in the fashion industry, organize the rescue. According to the company circles, one reason for the second bankruptcy in six years was a bad Christmas business, the report on Tuesday. In 2023, the creditor of Gerry Weber had cleared the way for a waiver of claims to a disposal of the company founded 50 years earlier. It was one of the first renovation cases in which the pre-insolvency procedure according to the Starug Act (company stabilization and structure law) was deployed. The majority owners, the hedge fund Robus and Whitebox as well as the investment bank JP Morgan, provided new loans. Gerry Weber wanted to concentrate on wholesale and close a large part of his own shops. The company had already undergone insolvency proceedings in 2019.

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