The ailing fashion manufacturer Gerry Weber has an application for insolvency in self-administration. The objective is to rehabilitate the company, said Gerry Weber. Was affected exclusively by the parent company, Gerry Weber International with around 580 employees. For the subsidiaries, such as Hallhuber, no applications had been made.

The business is to be conducted according to the company in full. The financing of the fashion provider is secured according to the current state up to the year 2020, it said. Triggered the application had been due to the Failure of the talks with the financing partners on the further financing of the group.

The digital business is bad

Gerry Weber, with the core brands, Gerry Weber, Hallhuber, Samoon and Taifun struggling for some time with declining sales and red. Already in the past few months had heaped the bad news from the Westphalian company. Most recently, the company had to correct in mid-January its profit forecast downwards. As a result, the expected pre-tax increased your loss for the financial year 2017/18, to over 192 million Euro. Basic problems with so far, hope applicable subsidiary hallhuber.

to fight The fashion retailer has several problems, including a weak digital business, a bad positioning of the brands as well as strong competition by other companies such as H&M and the Inditex subsidiary Zara. At the same time had taken over the company with the opening of numerous branches.