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).
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.corporate June 04, 2019
Creditor’s assembly confirms self-administration of GERRY WEBER International AG
Today, the report meeting of GERRY WEBER took place in line with the ongoing proceedings of GERRY WEBER International AG. The mandatory assembly is part of every self-administration proceeding, aimed at finding a resolution by the creditors on the position of trustee, the appointment and allocation of members of the committee of creditors, as well as its continuation.corporate April 05, 2019
GERRY WEBER reaches agreement on key aspects for future-securing collective wage agreement as well as reconciliation of interests and social plan
GERRY WEBER has reached agreement with employee representatives on key aspects of the further implementation of the ongoing restructuring of the group.