Image: Violetta Kuhn (dpa)
As the Alpine creditors’ association announced on Friday, bankruptcy proceedings were opened at the Commercial Court of Vienna over the assets of Gerry Weber GmbH. The German parent company, which employs a total of 2,100 people, is already in insolvency proceedings, and more than a hundred branches are to be closed.
As a result, the financing of the Austrian subsidiary was discontinued. Added to this were declining sales in the business premises and rising rental and energy costs. The liabilities should amount to 2.6 million euros, 25 creditors are affected.
According to initial information, half a million euros is attributable to vouchers. So far, no application for restructuring has been made, according to the Alpine Association of Creditors. Whether it is possible to continue the company will only become apparent during the course of the insolvency proceedings.
The two Upper Austrian Gerry Weber branches are located in shopping centers in Haid and Wels. Across Austria, 107 employees are affected by the bankruptcy. The entire Gerry Weber Group is striving for a reorientation: In response to the changed customer behavior, they want to focus more on online trading.
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