Gerry weber

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GERRY WEBER International AG
legal form Corporation
ISIN DE0003304101
founding 1973
Seat Halle (Westf.) , GermanyGermanyGermany 
management Alexander Gedat CEO , Florian Frank
Number of employees 6,487
sales 881 million euros (2016/17)
Branch Textile industry
Website group.gerryweber.com
As of September 13, 2018

Company headquarters of Gerry Weber International AG
Gerry Weber branch in Mannheim

The Gerry Weber International AG is a publicly traded German companies in the fashion industry (women's clothing), based in Halle (Westphalia.) . The board spokesman is Johannes Ehling.

The company achieved sales of EUR 881 million in the 2016/2017 financial year . The operating result ( EBIT ) was EUR 10.3 million.

history

Gerry Weber International AG goes back to Hatex KG, which was founded on March 1, 1973 in Halle (Westphalia) by Gerhard Weber and Udo Hardieck. Initially, the company produced and sold women's trousers, and the range of women's fashion was quickly expanded. In the following years, parts of the production were outsourced to contractors abroad (so-called intermediate masters). In 1986 the brand name "Gerry Weber" (named after the company founder Gerhard Weber) was protected worldwide and quickly became known through the sponsorship of Steffi Graf .

In 1989 the company went public and renamed Gerry Weber International AG. Also in 1989 the Taifun Collection was added as a further clothing line, followed in 1994 by the Samoon Collection for women with connection sizes ; production was increasingly relocated abroad. From 2000, the company also issued licenses under the Gerry Weber label (shoes, glasses, fragrances, bags, jewelry). In 2006, a men's collection was created under the brand name Gerry Weber Men , which was initially granted under license, produced in-house from 2008 and taken off the market in 2009.

In January 2015 it was announced that Ralf Weber, the son of the company's founder, would become the company's CEO. In February 2015, Gerry Weber took over the fashion company Hallhuber after approval by the Cartel Office . In 2016, the company closed 103 branches for financial reasons, two thirds of them in Germany. In December 2016 it was announced that the company had also sold a large property in Düsseldorf.

In the summer of 2016, Gerry Weber launched a new women's fashion brand called “talkabout” . This is not sold in the Group's own stores, but through selected partners.

On January 25, 2019, the parent company Gerry Weber International AG with around 580 employees filed for insolvency in self-administration at the Bielefeld District Court . Initially, only the parent company Gerry Weber International AG with around 580 employees was affected by the insolvency application. Subsidiaries such as Hallhuber were therefore not affected . On February 8, 2019, it was announced that Gerry Weber Retail GmbH had also filed for insolvency. So Hallhuber is affected. For Hallhuber, however, bridge financing could be obtained from an investor who also received a purchase option. In an interview with Spiegel in spring 2019, company founder Gerhard Weber said that the construction of a logistics center, which went into operation in Künsebeck in 2015 , was too big and too expensive.

In April 2019, the closure of 120 Gerry Weber stores in Germany by the end of 2021 as part of the company's restructuring was announced. In August 2019, Gerry Weber presented an insolvency plan, on which the creditors are to vote on September 18, 2019. The existing shareholders were removed from the company during the phase, branches and jobs were cut, and the financial investors Robus, Whitebox and JP Morgan financed the ongoing business. According to the company, the Bielefeld District Court canceled the insolvency proceedings on January 1, 2020. In June 2020, the majority of the bankruptcy creditors agreed to defer 35 percent of their claims until the end of 2023.

Stock exchange listing

The company's share was listed on the SDAX of the German stock exchange until June 28, 2011 . The company has been listed in the MDAX since June 29, 2011, where it replaced the Tognum company share . After a sharp drop in the share price due to profit warnings, the share climbed back into the SDAX on September 21, 2015 and finally had to leave it on March 19, 2018.

Company data

The Gerry Weber brand is available from more than 6,000 specialist dealers worldwide. In addition, the Houses of Gerry Weber and mono-label stores operated independently and by franchise partners are key sales channels.

Sales channels Gerry Weber.png

The clothing is produced in Eastern and Southern Europe, Turkey and Asia. Germany is the most important sales market with a share of 62.8% in consolidated sales. A share of 37.2% is attributable to foreign markets, with 27.1% generated within the European Union (excluding Germany) and 10.1% outside the EU. Most of the logistics are handled by a fully automated logistics center that was completed at the end of 2015. The company states that the handling capacity is up to 30 million articles per year, with the possibility of expansion to up to 37 million.

Sponsorship

The company is also known for the Gerry Weber Open ATP turf tennis tournament held in the Gerry Weber Stadium and the sponsorship activities of the neighboring Bundesliga club Arminia Bielefeld ( jersey sponsor 1996/97 and 1997/98) and the Bundesliga handball club TBV Lemgo .

privacy

Since January 2011, the company has been equipping all items delivered to stores with an RFID chip. The electronic product code (EPC) is stored on the RFID chip as a summary of the EAN code known from the barcode and a serial number of the item of clothing. In the majority of parts, this chip is located in the care label, which is usually placed in the lower left side seam. There is an English-language reference to the RFID technology on the care label: “RFID inside. Remove before wearing ”, translated“ Contains RFID. Remove before wearing ”.

The company received the ECR Award 2010 and the Retail Technology Award for the use of RFID technology and won the RFID Journal LIVE! 2011 conference a prize for the "best RFID implementation".

Gerry Weber hit negative headlines in 2012 after it became known that the company's clothing would still be equipped with RFID chips after it was sold. In a field test by FoeBuD it was shown that the globally unique serial numbers of the chips can be read without contact from a distance of up to 8 meters. According to the company, the number code is stored in a database .

The public debate about Gerry Weber's RFID practice caused the company to take a stand. Gerry Weber states that individual items of clothing purchased cannot be assigned to the respective buyer via the data stored on the RFID chip. At the same time, the company would like to point out that the labels can be removed at the checkout when purchasing. The company also created an information sheet on the topic for customers, which can be found on the Internet.

Individual evidence

  1. ↑ a b c [1] In: gerryweber.com , September 13, 2018, accessed on February 28, 2019
  2. ↑ Founding son Ralf Weber takes over the fashion company. In: Handelsblatt.com. January 22, 2015, accessed December 22, 2016 .
  3. ↑ Antitrust authorities confirm takeover of Hallhuber. In : wirtschaft-regional.net. February 12, 2015, accessed December 22, 2016 .
  4. ↑ Gerry Weber buys Hallhuber. In: Handelsblatt.com. December 22, 2014, accessed December 22, 2016 .
  5. ↑ Austerity: Gerry Weber closes 103 branches. In: Die Welt , February 26, 2016
  6. ↑ Georg Weishaupt: Gerry Weber sells his table silver. In: Handelsblatt.com. December 22, 2016, accessed January 16, 2017 .
  7. ↑ GERRY WEBER presents the new talkabout line. In: textilmitteilungen.de. July 7, 2016, accessed January 16, 2017 .
  8. ↑ Antonia Kögler: Gerry Weber slips into bankruptcy. In: finance-magazin.de , January 25, 2019 (accessed January 25, 2019)
  9. ↑ Gerry Weber International AG requests arrangement of the provisional self-administration proceedings , accessed on January 25, 2019
  10. ↑ Gerry Weber closes 120 German stores - 450 jobs away Report of the daily newspaper Rheinische Post on April 5, 2019, accessed on April 8, 2019
  11. ↑ The court puts down the insolvency plan for inspection and schedules a discussion and voting date. Gerry Weber International AG, accessed on August 30, 2019 .
  12. ↑ "Gerry Weber leaves bankruptcy proceedings behind" Faz.de from January 2, 2020
  13. ↑ Fashion group: Gerry Weber's creditors have their claims in the corona crisis. Retrieved June 3, 2020 .
  14. ↑ Frankfurter Allgemeine Zeitung of June 28, 2011
  15. ↑ Frankfurt Stock Exchange: Vonovia replaces Lanxess in the Dax . ( handelsblatt.com [accessed June 7, 2018]).
  16. ↑ Annual Report 2015/16. Retrieved June 7, 2018 .
  17. ↑ Archived copy ( memento of the original dated December 23, 2017 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / group.gerryweber.com
  18. ↑ Category Business Cooperation | ECR Award 2018. Accessed June 7, 2018 .
  19. ↑ Prize Winner 2010 ( Memento from February 2, 2014 in the Internet Archive )
  20. ↑ Archive link ( Memento of the original from January 30, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.rfidjournalawards.com
  21. ↑ Gerry Weber bugged clothes with sniffer chips. In: focus.de , accessed on January 3, 2013
  22. ↑ Data protection officers-warn-of-RFID-chips-in-clothing. In: welt.de , accessed on January 3, 2013
  23. ↑ RFID and data protection. ( Memento of the original from December 1, 2017 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. In: gerryweber.com , accessed November 20, 2017 @1@ 2Template: Webachiv / IABot / group.gerryweber.com
  24. ↑ FAQ on RFID. ( Memento of the original from December 1, 2017 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. In: gerryweber.com , accessed November 20, 2017 @1@ 2Template: Webachiv / IABot / group.gerryweber.com

Web links

Commons : Gerry Weber  - collection of images, videos and audio files

Coordinates: 52 ° 2 ′ 48 "  N , 8 ° 22 ′ 26.2"  E