PRESS RELEASE : Gerry Weber International AG: GERRY WEBER to sell Ravenna Park logistics centre to majority shareholder of the Walbusch Group

DGAP-News: Gerry Weber International AG / Key word(s): Disposal 
Gerry Weber International AG: GERRY WEBER to sell Ravenna Park logistics centre to majority shareholder of the Walbusch 
Group 
2021-03-29 / 11:30 
The issuer is solely responsible for the content of this announcement. 
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Corporate News 
GERRY WEBER to sell Ravenna Park logistics centre to majority shareholder of the Walbusch Group 
- Term sheet signed 
- Sale to be made according to insolvency plan; proceeds will flow to insolvency creditors 
- Jobs of the logistics staff secured under the term sheet 
- GERRY WEBER will be able to continue using the logistics centre 
- Investments in the future planned 
Halle/Westphalia, 29 March 2021 -The Ravenna Park logistics centre of GERRY WEBER International AG is to be sold to 
Christian Busch, majority shareholder of fashion company Walbusch Walter Busch GmbH & Co. KG based in Solingen. GERRY 
WEBER International AG as well as BRE GmbH & Co. KG and WB Logistik GmbH, two entities specifically established by 
Christian Busch, have signed a corresponding term sheet. The latter has been approved by the creditors' committee of 
GERRY WEBER International AG. The signing of the final contracts, scheduled for the end of May at the latest, is 
subject to a final review by the buyer. According to the term sheet, WB Logistik GmbH will take over the employees of 
GERRY WEBER Logistik GmbH. Christian Busch and GERRY WEBER plan to jointly use Ravenna Park in future. 
According to the insolvency plan, the proceeds from the sale of Ravenna Park will be distributed to the insolvency 
creditors of GERRY WEBER International AG after the signing of the final contracts. The GERRY WEBER Group will thus 
fulfil a condition from the company's insolvency plan, according to which the logistics centre is to be sold by the end 
of 2021 to settle the creditors' claims. 
"We are very satisfied to have found a positive and forward-looking solution for all parties concerned. We will fulfil 
an important condition from the insolvency plan while at the same time securing the 147 jobs of the employees of 
Logistik GmbH," said Florian Frank, CFO at GERRY WEBER. "Giving the staff of Logistik GmbH a perspective and retaining 
their specific knowledge for GERRY WEBER was equally important to us. We will continue to handle our logistics via 
Ravenna Park's infrastructure, which has been specifically tailored to our requirements; this is another great 
advantage for us and puts us in a good position for the future." According to GERRY WEBER, Christian Busch is the 
favourite candidate for the sale, as besides the shared use of Ravenna Park he also plans to make future investments in 
the site. 
The Walbusch Group, which will use the logistics centre jointly with GERRY WEBER, is a third-generation family 
business. The company, whose brands include Walbusch, Avena, Mey & Edlich and LaShoe, generated revenues of EUR 369 
million in the fiscal year 2020 (previous year: EUR 346.5 million) and employs 1,100 people. The core brand Walbusch 
has a presence in Germany, Austria and Switzerland. "The GERRY WEBER logistics property in Ravenna Park which we are 
acquiring is certainly one of the most advanced and modern facilities in Germany," says Christian Busch. "We are 
looking forward to the cooperation and will continue to invest in the site in the coming years in order to create 
sufficient capacity to handle the logistics of Gerry Weber International AG and the companies of the Walbusch Group. As 
a family entrepreneur, I attach great importance to job security. I am pleased that we can offer the employees of GERRY 
WEBER Logistics GmbH, with their outstanding know-how, a long-term perspective." 
The Ravenna Park logistics centre was taken into operation by GERRY WEBER International AG in 2016 and serves as a 
Group-wide hub for incoming and outgoing logistics. This does not include B2C logistics, i.e. logistics between GERRY 
WEBER and the company's private e-commerce customers, which is handled by an large external service provider. 
About the GERRY WEBER Group 
Headquartered in Halle/Westphalia and employing some 2,600 people, GERRY WEBER International AG is one of the largest 
fashion and lifestyle companies in Europe. The company sells trend-oriented modern classic mainstream fashion in over 
60 countries. In addition to the GERRY WEBER brand, the GERRY WEBER Group also owns the younger TAIFUN brand and the 
plus-size brand SAMOON. For more information, visit www.gerryweber.com 
Press contact 
Kristina Schütze 
Head of Corporate Communications / Press Officer 
Tel: [phone] 
Mobile: [phone] 
E-mail: [e-mail] 
Contact Investor Relations 
Dr Andrea Rolvering 
Investor Relations 
Mobile: [phone] 
E-mail: [e-mail] 
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2021-03-29 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      Gerry Weber International AG 
              Neulehenstraße 8 
              33790 Halle/Westfalen 
              Germany 
Phone:        [phone] 
Fax:          [phone] 
E-mail:       [e-mail] 
Internet:     http://group.gerryweber.com 
ISIN:         DE000A255G36 
WKN:          A255G3 
Listed:       Regulated Market in Dusseldorf, Frankfurt (General Standard) 
EQS News ID:  1179204 
 
End of News   DGAP News Service 
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1179204 2021-03-29

(END) Dow Jones Newswires

March 29, 2021 05:30 ET (09:30 GMT)