Keep up to date with Insol Europe news on our LinkedIn profile page...

 

Surge in bankruptcy auctions hits Dutch plastic recycling sector

The Dutch plastic recycling sector is facing a sharp rise in bankruptcies, with auction house Troostwijk Auctions reporting a 150% increase in related auctions, compared to the previous year. This surge…

Verney-Carron, an arms manufacturer that was supposed to supply Ukraine with assault rifles and carbines, goes bankrupt in France

French firearms manufacturer Verney-Carron, owned by CYBERGUN, has declared bankruptcy due to a complete freeze of its finances, halting production and salary payments. The company carries a debt of €1…

Rethinking Offline Public Tenders in Insolvency - Are they obsolete?

Organizing auctions with the aim of selling at the highest price possible has remained a common practice since the beginning of time. While the methods of organizing auctions have changed according to…

Enzen Plans Get Green Light

On 25 March 2025, a UK court approved restructuring plans for Enzen Global Limited and Enzen Limited, addressing key legal and commercial issues. The judgment welcomed HMRC’s active participation and…

News

German fashion chain Gerry Weber files for insolvency
Gerry Weber, a German women's fashion brand, has filed for insolvency again, aiming to restructure and continue operations. The court-appointed administrator is Lucas Flöther, and restructuring expert Christian Gerloff has joined the management board. All 32 stores and 11 outlets in Germany will remain open, and its 230 employees are unaffected for now. The filing is attributed to weak consumer demand and rising costs across Europe. 
 
Despite previous restructurings in 2019 and 2023 - including major store closures and job cuts - further strategic adjustments are needed. Founded in 1973, Gerry Weber joins other struggling retailers like Galeria, Esprit, and Sinn amid a tough retail climate and strong online competition.
 
  BENCHMARKS  
Loading Time: Base Classes  0.0036
Controller Execution Time ( News / News Details )  0.0086
Total Execution Time  0.0124
  GET DATA  
No GET data exists
  MEMORY USAGE  
787,512 bytes
  POST DATA  
No POST data exists
  URI STRING  
news/details/german-fashion-chain-gerry-weber-files-for-insolvency
  CLASS/METHOD  
news/news_details
  DATABASE:  insoleur_main   QUERIES: 45  (Show)
  HTTP HEADERS  (Show)
  SESSION DATA  (Show)
  CONFIG VARIABLES  (Show)