Companies

Gerry Weber goes bankrupt again

Apr 9, 2025 Germany

After its German parent company was declared insolvent, the Dutch branch of women’s fashion chain Gerry Weber has filed for suspension of payments. This is the third bankruptcy in six years

The Bielefeld District Court has opened self-administered insolvency proceedings for Gerry Weber’s holding company and has reappointed restructuring expert Christian Gerloff – who was involved in previous restructuring efforts – as general representative. Lawyer Lucas Flöther has been appointed as provisional administrator to protect the interests of creditors.

This is the third bankruptcy in six years for the Dutch fashion retailer. In 2019, a failed refinancing led to the first bankruptcy filing. Since then, several restructurings have come and gone. Last year, a significant number of jobs were lost in both the German and international divisions of the company. In 2023, the company still had a loss of 35 million euros.

The new insolvency was triggered by a sharp drop in pre-orders in the third quarter, caused by retailers’ tighter working capital management and changes in purchasing policies. In addition, payment delays by a financially troubled distributor in February exacerbated the situation. However, sales in Gerry Weber’s retail outlets have remained unchanged compared to last year.

“The company has not yet built-up sufficient resilience to financially compensate for such an accumulation of unexpected crisis factors. The continuing weak consumer environment in Germany and other parts of Europe means that we must once again adjust the company’s strategy and structure”, said Christian Gerloff.

In the meantime, Gerry Weber plans to continue its business operations without restrictions.

Sources: shoeintelligence.com and retaildetail.eu

Image Credits: group.gerryweber.com

Germany Bankruptcy Companies Fashion Insolvency