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Gerry Weber International AG (GWIG.DE)

GWIG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Gerry Weber International: Gerry Weber Retail's Insolvency Proceedings To Begin In May
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Gerry Weber International AG ::DGAP-ADHOC: GERRY WEBER INTERNATIONAL AG: GERRY WEBER RETAIL GMBH & CO. KG ENTERS PRELIMINARY INSOLVENCY PROCEEDINGS UNDER SELF-ADMINISTRATION.PRELIM INSOLVENCY PROCEEDINGS TO BEGIN UNTIL END OF APRIL 2019.INSOLVENCY PROCEEDINGS ARE EXPECTED TO START AT BEGINNING OF MAY.  Full Article

Gerry Weber International: Gerry Weber Retail Applies For Insolvency Proceedings
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Gerry Weber International AG ::DGAP-ADHOC: GERRY WEBER INTERNATIONAL AG: GERRY WEBER RETAIL GMBH & CO. KG APPLIES FOR PRELIMINARY INSOLVENCY PROCEEDINGS UNDER SELF-ADMINISTRATION.CONTINUED FINANCING OF OPERATIONS IS SAFEGUARDED UNTIL YEAR 2020.MANAGEMENT CONSISTING OF JOHANNES EHLING AND FLORIAN FRANK WOULD REMAIN IN OFFICE WITH ALL POWERS AND RESPONSIBILITIES.COURT DECISION IS EXPECTED WITHIN COURSE OF DAY.BUSINESS OPERATIONS OF GERRY WEBER RETAIL GMBH & CO. KG ARE CONTINUED TO FULL EXTEND.  Full Article

Gerry Weber International To Reduce Workforce Of Up To 900 Jobs
Friday, 25 Jan 2019 

Jan 25 (Reuters) - GERRY WEBER INTERNATIONAL AG ::ENTERS INTO PRELIMINARY INSOLVENCY PROCEEDINGS UNDER SELF-ADMINISTRATION.RESTRUCTURING IS DRIVEN FORWARD WITH INCREASED PACE.CLOSURE OF AROUND 230 RETAIL SPACES.SIGNIFICANT REDUCTION OF WORKFORCE EQUALING OF UP TO 900 JOBS.  Full Article

Gerry Weber International Enters Into Preliminary Insolvency Proceedings
Friday, 25 Jan 2019 

Jan 25 (Reuters) - GERRY WEBER INTERNATIONAL AG ::ENTERS INTO PRELIMINARY INSOLVENCY PROCEEDINGS UNDER SELF-ADMINISTRATION.PRELIMINARY INSOLVENCY EXCLUSIVELY APPLIES TO MOTHER COMPANY GERRY WEBER INTERNATIONAL AG.CONTINUED FINANCING OF OPERATIONS IS SAFEGUARDED UNTIL YEAR 2020.  Full Article

Gerry Weber Applies For Court Order Of Preliminary Insolvency Proceedings
Friday, 25 Jan 2019 

Jan 25 (Reuters) - Gerry Weber International AG ::DGAP-ADHOC: GERRY WEBER INTERNATIONAL AG APPLIES FOR COURT ORDER OF PRELIMINARY INSOLVENCY PROCEEDINGS UNDER SELF-ADMINISTRATION.REQUESTED PRELIMINARY INSOLVENCY EXCLUSIVELY APPLIES TO MOTHER COMPANY GERRY WEBER INTERNATIONAL AG WITH ABOUT 580 EMPLOYEES.ALL SUBSIDIARIES INCLUDING HALLHUBER ARE EXCLUDED FROM REQUEST..BUSINESS OPERATIONS OF GERRY WEBER INTERNATIONAL AG WOULD BE CONTINUED ENTIRELY AT NORMAL COURSE.CONTINUED FINANCING OF OPERATIONS IS SAFEGUARDED UNTIL YEAR 2020.MANAGING BOARD WOULD REMAIN IN OFFICE WITH ALL POWERS AND RESPONSIBILITIES, ENSURING OPERATIONS.DECISION BY LOCAL COURT ON OPENING OF PRELIMINARY INSOLVENCY PROCEEDINGS IS EXPECTED WITHIN TODAY.APPLICATION WAS TRIGGERED BY FAILED NEGOTIATION TALKS OF WITH FINANCING PARTNERS.SUSPENDED FROM TRADE, RESTART AUCTION TO BEGIN AT 1310 GMT - XETRA.  Full Article

Gerry Weber FY EBIT Loss Of EUR 148.1 Mln
Friday, 7 Dec 2018 

Dec 7 (Reuters) - GERRY WEBER INTERNATIONAL AG ::PUBLISHES PRELIMINARY RESULTS FOR FINANCIAL YEAR 2017/18.FY ADJUSTED EBIT SHOWS ANTICIPATED SIGNIFICANT LOSS OF EUR 15.5 MILLION VERSUS PREVIOUS YEAR: EUR +19.9 MILLION.GROUP SALES REACHED ABOUT EUR 795 MILLION IN FINANCIAL YEAR 2017/18 (PY EUR 880.9 MILLION).FY EBIT LOSS OF EUR 148.1 MILLION (PREVIOUS YEAR: EUR +10.3 MILLION).  Full Article

Gerry Weber International Says To Focus On Core Brands
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Gerry Weber International AG ::DGAP-NEWS: GERRY WEBER INTERNATIONAL AG: GERRY WEBER TO FOCUS ON CORE BRANDS.WILL NOW FOCUS ON ITS CORE BRANDS, GERRY WEBER, TAIFUN AND SAMOON AS WELL AS HALLHUBER..YOUNGEST LABEL OF GERRY WEBER INTERNATIONAL AG WILL BE DISCONTINUED.MOST EMPLOYEES WILL BE INTEGRATED WITHIN COMPANY.  Full Article

Gerry Weber shakes up management, to speed restructuring
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - Gerry Weber International AG ::DGAP-ADHOC: GERRY WEBER INTERNATIONAL AG: SUPERVISORY BOARD DECIDES ON COMPREHENSIVE REORGANIZATION OF THE MANAGING BOARD FOR AN ACCELERATED CORPORATE REORIENTATION.RALF WEBER RESIGNS FROM HIS POST AS CEO OF GERRY WEBER INTERNATIONAL AG AT END OF FINANCIAL YEAR 2017/18 ON 31 OCTOBER 2018.SAYS SUPERVISORY BOARD COMPLIED WITH REQUEST BY RALF WEBER TO RESIGN FROM HIS POST AS CEO.SAYS JOHANNES EHLING, MEMBER OF MANAGING BOARD AND CHIEF SALES AND CHIEF DIGITAL OFFICER, WILL ASSUME POSITION OF SPOKESPERSON OF MANAGING BOARD,.SAYS FLORIAN FRANK WAS APPOINTED CHIEF RESTRUCTURING OFFICER (CRO) AND MEMBER OF MANAGING BOARD WITH IMMEDIATE EFFECT.SAYS ONGOING SEARCH FOR A NEW CHIEF FINANCIAL OFFICER (CFO) BY SUPERVISORY BOARD GERRY WEBER INTERNATIONAL AG CONTINUES UNABATED.SAYS GERHARD WEBER, ONE OF TWO FOUNDERS OF COMPANY, STEPS DOWN FOR REASONS OF AGE.  Full Article

Gerry Weber International Has Instructed Preparation Of Restructuring Opinion
Friday, 21 Sep 2018 

Sept 21 (Reuters) - Gerry Weber International AG ::DGAP-ADHOC: GERRY WEBER INTERNATIONAL AG HAS INSTRUCTED PREPARATION OF A RESTRUCTURING OPINION.  Full Article

Gerry Weber International: CFO Joerg Stueber Leaves Managing Board At His Own Request
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - GERRY WEBER INTERNATIONAL AG ::CHIEF FINANCIAL OFFICER JÖRG STÜBER LEAVES MANAGING BOARD AT HIS OWN REQUEST.HIS DUTIES WILL BE TAKEN OVER BY CEO RALF WEBER, UNTIL A NEW CFO IS APPOINTED.  Full Article