Gerry Weber announces closure of all its retail stores.
Spanish Firm Takes Over Gerry Weber Brand, Plans Store Closures
The German fashion brand Gerry Weber is set to close all its stores in Germany after Spanish company Victrix took over the brand's international rights. The provisional creditors' committee and the administrator Lucas Floether have provided their approval for the takeover, which will see the closing of the brand's approximately 40 shops and outlets in the country.
Victrix, a family-owned Spanish fashion company, is set to sell the Gerry Weber women's fashion in Germany through trading partners who carry other brands. The company's fashion brand, Punt Roma, will reportedly handle production for the rebranded Gerry Weber.
Gerry Weber, founded in 1973, has struggled with financial difficulties for several years. In March 2025, the third insolvency filing was made by the company, which failed to find a new investor in previous rescue attempts in 2019 and 2023. Despite closing 122 stores and eliminating around 450 jobs, the brand was unable to stabilize its financial situation.
Germany's fashion industry faces a weak consumer climate, along with increased energy, rent, and wage costs. This challenging economic environment has affected not only Gerry Weber but also well-known companies such as Galeria, Esprit, and Sinn, among others. The stationary textile and fashion retail sector, specifically, has suffered heavy losses during the Corona pandemic and has yet to fully recover.
The situation for Gerry Weber will see significant changes moving forward, as the physical stores in Germany will close, but the brand will continue through trading partners and possibly re-emerge in other regions. The exact details of the financial arrangement between the two companies have not been disclosed.
Sources: ntv.de, chr/dpa
- The new community policy regarding Gerry Weber's closure of stores may impact local businesses, considering the loss of foot traffic and potential collateral effects on nearby vendors.
- In the context of Gerry Weber's financial trouble and subsequent takeover by Victrix, there is growing interest in vocational training programs for those in the fashion industry, as they seek new employment opportunities in the evolving business landscape.
