GERRY WEBER INTERNATIONAL AG : Refinancing issues may lie ahead, visibility on operating improvements has further deteriorated
>Restructuring opinion apparently linked to refinancing requirements - On 21 September, Gerry Weber announced that it has instructed an independent expert to prepare a restructuring opinion in line with German IDW Auditing Standard S6 (IDW S6). The opinion is expected to be available in mid-October 2018. In November 2018, two tranches of the promissory note loan issued in November 2013 in an amount of € 31m will be due, and the company confirmed to be in refinancing n...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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