Fashion
The new year brings a new start for German fashion manufacturer Gerry Weber, which has been struggling with financial problems for some time.
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The creditors of the fashion group Gerry Weber have almost unanimously approved an insolvency plan, therefore paving the way for a new start with new owners.
Ailing fashion manufacturer Gerry Weber will close 120 stores and cut 454 jobs in Germany. In January, the company received a suspension of debt repayment.
Gerry Weber's parent company is in suspension of payment. The German fashion chain wants to make a fresh start, but not before they've been thoroughly restructured. 230 stores will need to be closed, putting 900 jobs at risk.
Modeketen Gerry Weber heeft er een bloedrood boekjaar op zitten: het verlies loopt op tot 148 miljoen euro. “Geen verrassing”, zeggen de Duitsers, maar ze trekken wel de stekker uit 230 winkels.
