Closure of all Gerry Weber branches in Germany announced
Gerry Weber, a well-established fashion manufacturer in the industry, has filed for bankruptcy for the third time in six years. According to multiple media outlets, the insolvency proceedings for Gerry Weber Retail GmbH commenced under self-administration at the Bielefeld District Court in March 2025.
Despite closing 122 stores in 2023 and undertaking restructuring efforts, the company could not restore financial stability. As a result, it is now confirmed that the approximately 40 remaining stores in Germany will close as well, according to reports from WELT, Bild, tagesschau.de, and Handelsblatt among others.
Spanish Fashion Company Takes Over
In a press release issued today, the Spanish fashion company Victrix announced its intent to acquire the brand rights of Gerry Weber. The spokesperson for Victrix stated that the company plans to sell Gerry Weber's products through selected multi-brand retailers (wholesale) in Germany and other European countries. The existing Gerry Weber stores across Germany and Europe will be closed in the coming months following liquidation sales. The company currently operates around 40 shops and outlets in Germany.
Although the search results do not offer specific details about the circumstances surrounding Victrix Group's takeover, they do indicate that the company has acquired the brand rights of Gerry Weber, as reported in connection with the relaunch of Gerry Weber's Dutch stores[1]. For specific information about the timing and reasons behind the takeover, news updates from official sources or press releases would be needed.
The Spanish fashion company, Victrix, has agreed to acquire the brand rights of Gerry Weber, aiming to sell their products through retailers across Germany and Europe, signifying a significant shift in the retail business. Despite the acquisition, the existing Gerry Weber stores are expected to close in the coming months as a result of liquidation sales, which is also impacting the finance sector, given Gerry Weber's history in the fashion industry.
