Insolvent fashion brand Gerry Weber closes all 40 stores in Germany

The insolvent East Westphalian fashion manufacturer Gerry Weber is closing all of its 40 stores in Germany. The rights to the Gerry Weber brand will be taken over by the Spanish Victrix Group, which plans to “relaunch the women's fashion brand using its own structures”, the company explained in Halle/Westphalia on Friday. Accordingly, all stores and outlets in Germany as well as the existing stores in other European countries will be closed in the coming months.

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In the provisional insolvency proceedings of the parent company Gerry Weber International, the provisional creditors' committee and the provisional administrator had “approved the takeover concept of the Spanish family business”, the fashion manufacturer explained. “The parties have agreed not to disclose the economic details of the agreement.”

Customers will probably be able to continue shopping for Gerry Weber clothing in Germany in the future: According to the announcement, the Victrix Group plans to continue to offer the brand in Germany and other European countries via “selected multi-brand retailers” as things stand. Through a “swift transition to our existing structures, we will ensure that there will be a seamless transition for retailers and end customers”, explained Victrix management.

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In March, Gerry Weber filed for insolvency for the third time in just a few years. “Despite the considerable time pressure, we were able to complete the investor process for Gerry Weber, which was launched in March, quickly and successfully,” explained Managing Director Christian Gerloff. “This was anything but a matter of course given the general market situation in the fashion retail sector.”

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Gerry Weber had filed for insolvency once before at the beginning of 2019, when British investors took over the company. In 2023, the fashion manufacturer was once again fighting for survival and insolvency proceedings were initiated.