GERRY WEBER INTERNATIONAL AG : Positive outcome of expert opinion, but refinancing issues might not be fully resolved
>Positive outcome of expert opinion - On 21 September, Gerry Weber announced that it had instructed an independent expert to prepare a restructuring opinion in line with German IDW Auditing Standard S6 (IDW S6). Today, it announced that the draft of the restructuring opinion concludes with a positive prognosis, i.e. that the GERRY WEBER Group’s fundamental core business model is sustainable and viable for the future. This opinion is contingent on extensive further res...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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