GERRY WEBER news and archive

Fashion crisis: more and more popular brands are struggling

The German textile industry is awash with bad news: well-known manufacturers like Gerry Weber, Tom Tailor and Esprit seem to fail to attract enough customers. And that's not just because of the record breakingly hot summer of 2018. A famous name is no longer enough in the fashion world to guarantee a secure future. More and more established...

Report

Further job cuts expected at Gerry Weber

The troubled fashion retailer, Gerry Weber International Ag currently employing around 6,500 people expects further redundancies as a part of its restructuring process after the company sought the restructuring opinion to verify the company's capability for a successful restructuring and to support the current substantial transformation process....

Report

Gerry Weber sells Halle 29 for 36 million euros

As a part of its turnaround strategy, Gerry Weber International AG signed an agreement to sell the showroom centre “Halle 29” in Düsseldorf to a subsidiary of Zech Group for around 36 million euros. The company said that divestiture of the non-core property will result in extraordinary income of around 18 million euros in the financial year...

People

Gerry Weber founder Udo Hardieck dies at the age of 74

Gerry Weber International AG announced this morning that the company’s founder, Udo Hardieck passed away yesterday, June 11 at the age of 74 due to a serious illness. Hardieck, with Gerhard Weber, created the internationally listed fashion group, originally named Hatex KG, in 1973. Gerhard Weber and Ralf Weber, CEO of GERRY WEBER International...

Report

Gerry Weber slips to net loss in Full Year 17

Fashion retailer Gerry Weber International AG reported Thursday that its fiscal 2017 consolidated net loss was 0.8 million euros, compared to net income of 0.5 million euros in the prior year. Loss per share was 0.02 euro, compared to earnings per share of 0.01 euro a year ago. Consolidated EBITDA for the year fell 24.7 percent to 58.2 million...

Management

Witnessing profit decline, Gerry Weber to follow ‘Fit4Growth’

In the past financial year 2014/15 from November 1, 2014 to October 31, 2015, consolidated sales revenues of Gerry Weber International amounted to 920.8 million euros (1,017.8 million dollars), while earnings before EBIT totaled 79.3 million euros (87.6 million dollars). The company will propose a dividend of 0.40 euros (0.44 dollars) per share...

People

Two new executives join Gerry Weber

Supervisory Board of Gerry Weber expanded the company’s Managing Board from three to four members and appointed Norbert Steinke to the board with effect from October 5, 2015. In his capacity as Chief Retail Officer, Norbert Steinke will be responsible for the strategically important retail activities of the company. He will also continue as...

Business

Gerry Weber to axe jobs

German fashion chain Gerry Weber is prepared to axe a series of jobs, as the company hopes to remove any weak areas in the business following a sluggish performance during the first half of its financial year 2014/2015, during which operational profit dropped 26.8 percent to 36.2 million euros. It remains unclear which roles within the company...

People

Gerry Weber names new chief executive

German womenswear brand Gerry Weber has named Ralf Weber, the son of the fashion group’s founder, as chief executive, effective from February 25. Weber, who joined the three-man managing board in 2013, is currently head of sales and corporate development, with responsibility for national and international wholesale and retail, from the end of...

BusinessFeatured

Gerry Weber acquires Hallhuber

Germany fashion brand Gerry Weber International has agreed to buy Munich-based fashion group Hallhuber, as it looks to return to the menswear market as part of its expansion strategy. Gerry Weber is to purchase Hallhuber from private equity firm Change Capital Partners, for an undisclosed sum. The acquisition will give the Dortmund-based...

Fashion

Gerry Weber combats counterfeit fashion

Fashion counterfeiters could be in for a surpriseas authentic goods are tagged with tiny radio frequency identity (RFID) chips. Gerry Weber chief information officer Christian von Grone recently invested in the new technology, which is already paying off dividends. That technology was RFID, and since last month RFID tags have been implanted into...