Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Gerry Weber International AG is a German fashion manufacturer and retailer based in Halle, North Rhine-Westphalia. The business which was established in 1973 as Hatex KG by Udo Hardieck and Gerhard Weber is primarily known for its ladies' collections.

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed
Glob.Revenue, mln.USD
311
The Company Statement
May 02, 2023

Gerry Weber confirms sale of its Russian business and is liquidating its local entity. The legal successor of the representative office of the German clothing brand Gerry Weber in Russia, LiM Holding, having terminated the commission agreement with its largest distributor in the country, Smart Causal, is demanding through the court the return of almost 1 billion rubles in inventory balances stuck with the counterparty's structures.

April 27, 2024They demand a billion from the distributor of the German brand Gerry Weber in the Russian Federation
November 10, 2022GERRY WEBER In­ter­na­tion­al reports no­tice­ably higher nor­m­al­ised EBITDA and confirms guidance for full year
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