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PRESS RELEASES

Corporate News September 19, 2019

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 News 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 News 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 News 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 News 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 News 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.

Corporate News February 19, 2019

GERRY WEBER com­ple­ments Man­age­ment Team

Today, the Supervisory Board of GERRY WEBER International AG appointed Urun Gursu as Member of the Managing Board of the Group.

Corporate News February 08, 2019

GERRY WEBER im­ple­ments important steps forward in the re­struc­tur­ing process

GERRY WEBER Group takes further important steps forward in the restructuring of the company. Against this background, GERRY WEBER Retail GmbH & Co. KG, a 100% subsidiary of GERRY WEBER International AG, applied for the court order of preliminary insolvency proceedings under self-administration according to § 270a InsO at the responsible local court Bielefeld. The local court Bielefeld has approved the application.