
Troubled clothing manufacturer Gerry Weber has taken an important step in his reorganisation. Financial investors Robus Capital and Whitebox will become the sole owners of the business.
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Troubled clothing manufacturer Gerry Weber has taken an important step in his reorganisation. Financial investors Robus Capital and Whitebox will become the sole owners of the business.
The brand has been acquired out of administration in a pre-pack deal that saves the majority of its stores and jobs. Khaadi’s management team will continue to run the business.
Struggling German retailer Gerry Weber is set to close all UK stores by October, but will continue operating in the UK and Ireland in partnership with Jonzara.
The Hamburg-based brand has named Viktoria Simeoni as new Division Head, Casual Women & Mine to Five. She joins from rival Gerry Weber, where she was responsible for the now-discontinued Talkabout sub-brand.
Gerry Weber has confirmed that it will close its UK stores by the end of October. The news comes after the company recently restructured its business with Robus Capital Management and Whitebox Advisors now in control.
Troubled womenswear giant Gerry Weber said late Monday that it has reached “a milestone for securing the company's future,” with a new deal under which it will be fully taken over and existing shareholders will exit.
Gerry Weber had big news this week with the announcement that a fund run by Robus Capital Management has taken over a majority share in its Hallhuber brand.
Struggling German fashion brand Gerry Weber is to close 120 stores in Germany and cut 454 jobs across its stores and head office, it announced on Friday.
With the appointment of Urun Gursu as chief product officer, the German fashion label has a fully operational executive committee again, to lead the label through the crisis it is currently facing.
Chinese conglomerate Fosun International announced a takeover bid for troubled German clothing retailer Tom Tailor on Tuesday, further expanding its reach into Europe's fashion sector.