Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
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 or liquidated local entity(ies)
Exited Exit CompletedGerry 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. 24.06.2024: The legal entity GERRY WEBER RUS LLC was liquidated.