Gerry Weber Insolvency: Closing of all business in Germany!

Gerry Weber Insolvency: Closing of all business in Germany!

The fashion world in Germany is facing a bitter setback: Gerry Weber, once a popular name in retail, closes all business in the country due to bankruptcy. The well -known branch in the Arkaden Castle in Braunschweig is no exception. The preliminary creditor committee and administrator have already promised the takeover concept of the Spanish company Victrix, but without taking over around 40 shops and outlets in Germany. This means that the Gerry Weber brand continues to exist, but the company itself is dissolved. As reports news38.de, the women's fashion from Gerry Weber will only be sold via trading partners in the future.

What led to this sudden retreat? The company made unsuccessful renovation attempts in 2019 and 2023. In the past year, 122 of a total of 171 branches were closed, which led to a significant job reduction of around 450 jobs. This illustrates how strongly the stationary retail in the textile and fashion industry is under pressure. Increasing costs for energy, rent and salaries in connection with a weak economy have caused customers to use more economical. This development also creates other brands such as Galeria and Esprit who also had to register bankruptcy, such as t-online.de notes.

restructuring under Victrix

The Spanish company Victrix, who has been working in the fashion business since 1999, is now planning to restructure production and processes under the name Gerry Weber. The family company based in Mataró, near Barcelona, ​​wants to secure a seamless transition for business partners and end customers. This restructuring could be decisive in view of the current pressure on the fashion industry. In an upcoming study by the Fashion Council Germany, which was announced on November 28, 2024, economic influences, sustainability and digital innovations in the industry are examined in more detail, which could further illustrate the challenges of managing companies like Gerry Weber. The study promises exciting insights into the future of German fashion industries.

The situation is still tense and clearly shows how difficult it has companies in the fashion industry, but the hope of relaxation remains. With the right strategies, Victrix could perhaps tear around the rudder and continue the Gerry Weber brand on new ways.