After its German parent company was declared insolvent, the Dutch branch of women’s fashion chain Gerry Weber has filed for suspension of payments. This is the third bankruptcy in six years
The Bielefeld District Court has opened self-administered insolvency proceedings for Gerry Weber’s holding company and has reappointed restructuring expert Christian Gerloff – who was involved in previous restructuring efforts – as general representative. Lawyer Lucas Flöther has been appointed as provisional administrator to protect the interests of creditors.
This is the third bankruptcy in six years for the Dutch fashion retailer. In 2019, a failed refinancing led to…