Fresh start for GERRY WEBER
With the start of the new year, GERRY WEBER Group can also initiate a fresh start. Effective as of 31 December 2019, the local court Bielefeld discontinued the insolvency proceedings under self-administration of GERRY WEBER International AG (GWI), which were opened on 1 April of the previous year.pm December 06, 2019
New Supervisory Board members and additional shareholder for GERRY WEBER International AG
At its first General Assembly following the effectiveness of the insolvency plan, the shareholders of GERRY WEBER International AG, Robus Capital Management and Whitebox Advisors, have elected new Supervisory Board members representing the shareholders. At the meeting on 3 December 2019, the General Assembly unanimously elected: Alexander Gedat, Chair of the Supervisory Board of Ahlers AG, Herford, and former CEO of Marc O’Polo AG, Dagmar Heuer, Business Consultant, Dr Tobias Moser, Lawyer, Milan Lazovic, Senior Analyst at Whitebox Advisors, Christie Groves, Portfolio Manager at Whitebox Advisors and Sanjay Sharma, Advisor at Maltings Place.
GERRY WEBER: Vast majority of creditors approve insolvency plan
At today’s discussion and voting meeting, the vast majority of the creditors meeting of GERRY WEBER International AG (GWI) has approved the insolvency plan for the continuation of the group. The insolvency plan was approved by all creditor groups but the current shareholders, which shall leave the company within the scope of the planned financial restructuring of GWI.corporate August 23, 2019
GERRY WEBER International AG: Court submits insolvency plan for review and schedules creditors’ meeting
The insolvency plans submitted by GERRY WEBER International AG (GWI) and GERRY WEBER Retail GmbH & Co. KG (GWR) in the insolvency proceedings under self-administration have been laid down by the Bielefeld Local Court in accordance with Section 234 of the Insolvenzordnung (InsO – German Insolvency Statute).corporate July 15, 2019
GERRY WEBER reaches milestone for securing the company’s future
Today, GERRY WEBER has made an essential decision on securing the company group‘s future. in the ongoing insolvency proceedings under self-administration, GERRY WEBER International AG concluded a binding investment agreement on the financial restructuring of the company within the scope of an insolvency plan with funds managed by Robus Capital Management Ltd. and Whitebox Advisors LLP.corporate July 08, 2019
Investor exercises purchasing option for HALLHUBER
A fund managed by Robus Capital Management took over the majority share of HALLHUBER GmbH from GERRY WEBER International AG. Within the scope of the ongoing restructuring under self-administration, GERRY WEBER granted a purchase option to the investor in February.