
Troubled womenswear giant Gerry Weber said late Monday that it has reached “a milestone for securing the company's future,” with a new deal under which it will be fully taken over and existing shareholders will exit.
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Troubled womenswear giant Gerry Weber said late Monday that it has reached “a milestone for securing the company's future,” with a new deal under which it will be fully taken over and existing shareholders will exit.
Chinese conglomerate Fosun International announced a takeover bid for troubled German clothing retailer Tom Tailor on Tuesday, further expanding its reach into Europe's fashion sector.
Gerry Weber International, the parent company of German clothing brands including Gerry Weber and Hallhuber, has filed for insolvency in Bielefeld’s bankruptcy court in a bid to restructure the business.
Gerry Weber’s turnaround seems to have been taking too long to really make an impact and the senior team has realised that big steps are needed with major changes at the top of the firm.
German fashion specialist Gerry Weber has just unveiled a new turnaround strategy, called Performance Programme, that moves it on from its two-year-old Fit4Growth strategy.
Gerry Weber wants to boost its turnaround with the debut of a new brand. Gr8tful is a digital-only label offering premium womenswear with its launch this month inviting customers to a “relaxed online shopping” experience
Gerry Weber may be a couple of years into its turnaround programme but profits growth remains elusive for the German womenswear giant that is a popular name across Europe and the UK.
Clothing brand Gerry Weber has switched its managing board structure back to three members, who will work together to drive a sustainable increase in profitability at the company.
Is Gerry Weber about to turn a corner? The company that has been struggling with weak results saw core nine-month sales dropping just 2.9% it said Thursday, which isn’t bad in the context of earlier results.
News last week that Gerry Weber Group executive Norbert Steinke was stepping down from the management board has been followed up with an announcement that he is also quitting as Hallhuber managing director.