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Gerry Weber International AG (GWIG.DE)

GWIG.DE on Xetra

0.04EUR
13 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Gerry Weber Concludes Agreement With Funds Managed By Robus, Whitebox On Restructuring Concept Based On Insolvency Plan
Monday, 15 Jul 2019 

July 15 (Reuters) - Gerry Weber International AG ::DGAP-ADHOC: GERRY WEBER INTERNATIONAL AG: GERRY WEBER INTERNATIONAL AG CONCLUDES AGREEMENT WITH FUNDS MANAGED BY ROBUS AND WHITEBOX ON RESTRUCTURING CONCEPT BASED ON INSOLVENCY PLAN.SIGNING OF INVESTMENT AGREEMENT, BINDING TERM SHEET ON MEASURES FOR INSOLVENCY PLAN APPROVED BY CREDITORS COMMITTEE AND TRUSTEE, LAWYER.ACCORDING TO AGREEMENT, ROBUS AND WHITEBOX WILL PROVIDE UP TO EUR 49.2 MILLION FOR SUSTAINABLE FINANCIAL RESTRUCTURING OF CO.SAYS CURRENTLY ONGOING IMPLEMENTATION OF RESTRUCTURING CONCEPT OF GERRY WEBER WILL CONTINUE WITHIN INTEREST OF CREDITORS OF COMPANY.SAYS CREDITORS ASSEMBLY IS EXPECTED TO TAKE PLACE WITHIN COURSE OF Q3 OF 2019..INSOLVENCY PLAN TO BE PRESENTED TO CREDITORS INCLUDES CAPITAL REDUCTION TO PROSPECTIVELY ZERO EURO AND SUBSEQUENT CASH CAPITAL INCREASE.  Full Article

Gerry Weber: Investor Exercises Purchasing Option For Hallhuber
Monday, 8 Jul 2019 

July 8 (Reuters) - Gerry Weber ::INVESTOR EXERCISES PURCHASING OPTION FOR HALLHUBER.GERRY WEBER RETAINS A STAKE OF 12% IN HALLHUBER.GERRY WEBER RECEIVES A CASH PAYMENT OF EUR 500.000 FROM INVESTOR..  Full Article

Gerry Weber: Insolvency Proceedings Under Self-Administration Opened
Monday, 1 Apr 2019 

April 1 (Reuters) - GERRY WEBER INTERNATIONAL AG ::INSOLVENCY PROCEEDINGS UNDER SELF-ADMINISTRATION OPENED - CHANGE OF STOCK MARKET SEGMENT REQUESTED.LOCAL COURT BIELEFELD ORDERS SCHEDULED OPENING OF INSOLVENCY PROCEEDINGS UNDER SELF-ADMINISTRATION FOR GERRY WEBER INTERNATIONAL.ALL BUSINESS OPERATIONS CONTINUE WITHOUT LIMITATIONS.CONTINUED FINANCING OF OPERATIONS IS SAFEGUARDED WELL INTO YEAR 2020.MANAGING BOARD REMAINS IN OFFICE WITH ALL POWERS AND RESPONSIBILITIES WITHIN SELF-ADMINISTRATION PROCEEDINGS.  Full Article

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