Everyone associates this German brand. The court declared bankruptcy
The well -known German clothing brand Gerry Weber is once again struggling with serious financial problems.
On March 24, 2025, the bankruptcy of two key subsidiaries was declared. The situation is part of a disturbing trend of wave of bankruptcies in German retail trade.
Bankruptcy of Gerry Weber companies. Retail and online sales in trouble
The Bielefeld District Court announced the bankruptcy of two companies belonging to the Gerry Weber International GmbH: Gerry Weber de Gmbh, responsible for retail sales in Germany, and E-Gerry Weber Digital GmbH, conducting online sales, conducting online sales. Despite the difficult financial situation, the company ensures that both stationary stores and the online store will function unchanged. The goal is to carry out orderly restructuring and finding a new investor – informs NW.DE.
Third approach to saving the Gerry Weber brand
This is the third time when the Gerry Weber brand is trying to avoid bankruptcy. The first sanation proceedings began in 2019, when over 120 stores were closed and hundreds of employees were released. Although two years ago the specter of bankruptcy was dismissed, the current situation looks much more serious. Experts are afraid that this time it may be the final end of the cult brand’s activity.
Over 50 years of history of German fashion
Gerry Weber is a reputable fashion company based in Halle (Westfalia), which has been operating on the market since 1973. In its portfolio there are three recognizable brands: Gerry Weber, Taifun and Sammon. The group operates in over 60 countries around the world, one of the pillars of the German clothing industry for decades.
Crisis in German trade. The wave of bankruptcies does not slow down
Gerry Weber problems are part of a wider phenomenon – a wave of bankruptcies in German retail trade. In the fourth quarter of 2024, 4,215 companies employing nearly 38,000 declared bankruptcy. people. It is an increase of 36 percent. compared to the previous year and the highest level from the global financial crisis 2008–2009.
Other well -known brands, such as Reno, Görtz, Galeria Karstadt Kaufhof, Sausalitos, and the Premium Pulp & Paper cable were also in a difficult situation. The main reasons are the increase in energy costs, a decrease in consumption and growing financial obligations. Specialists warn that the worst is just ahead of us, and retail trade can become one of the greatest victims of the current economic crisis.
