Gerry Weber Files for Insolvency Again, Seeking New Ownership

The German fashion brand enters self-administered insolvency proceedings, citing weak consumer demand and rising costs across Europe.

Gerry Weber International GmbH, the parent company of the German fashion retailer, has filed for insolvency under self-administration at the Bielefeld District Court.
The company aims to continue operations in its 32 stores and 11 outlets in Germany while searching for a new owner, with discussions already underway.
Restructuring expert Christian Gerloff has joined the management team to oversee the process, with Lucas Flöther appointed as the preliminary administrator to represent creditors' interests.
This marks Gerry Weber's third restructuring effort since 2019, following significant downsizing in 2023, which included the closure of 122 stores and the loss of 450 jobs.
The company attributes its ongoing struggles to weak consumer spending in Germany and Europe, compounded by rising costs for energy, rent, and wages, reflecting broader challenges in the retail fashion industry.