Less than two years after its last insolvency proceedings, Gerry Weber International GmbH (GWI), the holding company of the Halle, Westphalia-based fashion supplier, has filed for insolvency under self-administration.
The Bielefeld District Court has already approved the application and ordered preliminary proceedings, Gerry Weber announced on Tuesday. In addition, lawyer Lucas Flöther was appointed administrator.
“Despite the profound cuts that Gerry Weber has already made in recent years, and despite the good response from the market to the fashion offering, the company has not yet built up enough resilience to financially compensate for such an accumulation of unexpected crisis factors,” said Christian Gerloff, who was…
