Gerry Weber International AG: GERRY WEBER Retail GmbH & Co. KG enters preliminary insolvency proceedings under self-administration
February 07, 2019 at 11:15 am EST
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DGAP-Ad-hoc: Gerry Weber International AG / Key word(s): Insolvency
Gerry Weber International AG: GERRY WEBER Retail GmbH & Co. KG enters preliminary insolvency proceedings under self-administration
07-Feb-2019 / 17:09 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad-hoc announcement pursuant to section 17 MAR
GERRY WEBER International AG: Gerry Weber Retail GmbH & Co. KG enters preliminary insolvency proceedings under self-administration
(Halle/Westphalia, 7. February 2019) Today, the responsible local court Bielefeld approved the application for the court order of preliminary insolvency proceedings under own administration according to § 270 a InsO by GERRY WEBER Retail GmbH & Co. KG, a 100 % subsidiary of GERRY WEBER International AG. Within the scope of the preliminary insolvency proceedings under self-administration business operations of GERRY WEBER Retail GmbH & Co. KG are continued to full extend. According to the current status, the continued financing of operations is safeguarded until the year 2020. The management consisting of Johannes Ehling and Florian Frank remain in office with all powers and responsibilities. The preliminary insolvency proceedings under self-administration of GERRY WEBER Retail GmbH & Co. KG will commence until end of April 2019, the insolvency proceedings are expected to start at beginning of May. As in the case of GERRY WEBER International AG, the well-versed fashion industry expert Christian Gerloff from the law-firm Gerloff Liebler will support the Management as General Representative. Restructuring expert and lawyer Stefan Meyer, PLUTA lawyers, was appointed provisional trustee (Sachwalter) by the court.
The Managing Board
Notifying Person:
Florian Frank
Member of the Managing Board
Phone: +49 5201 185-140
ir@gerryweber.com
07-Feb-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Gerry Weber International AG is a Germany-based fashion and lifestyle company with focus on apparel for women. The Company owns the brands GERRY WEBER, TAIFUN and SAMOON. It operates through two segments: GERRY WEBER Core Retail and GERRY WEBER Core Wholesale. The GERRY WEBER Core Retail segment comprises retail of the brands GERRY WEBER, TAIFUN and SAMOON. The GERRY WEBER Core Wholesale segment includes wholesale activities of the brands GERRY WEBER, TAIFUN and SAMOON. The Company is active in Germany, the Netherlands, Belgium, France, Spain, the United Kingdom and Canada, among others.
GERRY WEBER INTERNATIONAL AG 