Overview

• Gerry Weber will shutter its remaining roughly 40 German and international stores in the coming months following creditor and administrator approval of Victrix’s takeover plan.
• Spanish family-owned Victrix is acquiring the Gerry Weber brand and its production operations, though the financial details of the deal remain undisclosed.
• Victrix plans to sell Gerry Weber Damenmode through selected multi-brand retailers in Germany and other European markets.
• Gerry Weber’s closure marks another collapse in Germany’s fashion sector, where retailers like Galeria, Esprit and Sinn have filed for insolvency due to weak consumer demand and rising energy, rent and wage costs.
• Previous rescue efforts, including 2019 and 2023 insolvencies and the 2023 closure of 122 stores with about 450 job cuts, failed to reverse the company’s decline.