GERRY WEBER INTERNATIONAL AG : Company enters preliminary insolvency proceedings under self-administration – recommendation and TP under review
>Gerry Weber enters preliminary insolvency proceedings under self-administration - Today (25 Jan), Gerry Weber International AG announced that it has applied to the local court to enter preliminary insolvency proceedings under self-administration, with the aim of successfully restructuring the company under its ongoing restructuring program. The application was approved on the same day. According to the company, the preliminary insolvency exclusively applies to the pa...Gerry Weber International is a holding company. Through its subsidiaries, Co. is engaged as a fashion and lifestyle company in Germary with its five primary fashion brands consisting of GERRY WEBER, GERRY WEBER EDITION, G.W., TAIFUN and SAMOON by GERRY WEBER. These five brands provide fashion and accessories for consumers in the ladieswear segment. Co.'s GERRY WEBER EDITION brand is comprised of knitwear, blouses, shirts, skirts and outdoor jackets, while its SAMOON brand is for women wearing size 42 plus. Co. operates in two segments: production and wholesale, and retail. As of Oct 31 2013, Co. operated 424 Houses of GERRY WEBER in Germany and abroad as well as 144 mono-label stores.
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