Following insolvencies in Germany, Belgium and the Netherlands, insolvency proceedings have now also been opened for Gerry Weber in Austria. As announced on Friday by the Alpenländische Kreditorenverband (AKV), corresponding proceedings were initiated at the Commercial Court of Vienna regarding the assets of Gerry Weber Vertriebs GmbH. At the time of the insolvency opening, the Austrian subsidiary employed three members of staff.
The company cited the insolvency of the parent company, Gerry Weber International GmbH, which had filed for insolvency proceedings at the beginning of March, as the reason for the application. As a result of the parent group’s financial difficulties, management decided to discontinue the operative business of…
