gerry weber international news and archive

Gerry Weber reveals bigger EBIT loss for fiscal year 2017/18

According to the adjusted the preliminary results of Gerry Weber International AG, for the financial year 2017/18, upon presentation of a new business plan for the Hallhuber segment and as a result of necessary valuation allowances for the Norwegian and Finish subsidiaries of the retail segment, an impairment of 44.2 million euros has been...

Report

Gerry Weber reveals large loss for current fiscal year

After a first review, Gerry Weber International has said that the group sales reached about 795 million euros (909 million dollars) in the financial year 2017/18, which were 10 percent below previous year’s 880.9 million euros. The company added that sales were slightly above the most recent prediction of 790 million euros. According to...

Report

Annemiek Janssen appointed EVP Product at Taifun & Samoon

Annemiek Janssen has joined Gerry Weber Group as Executive Vice President Product Taifun & Samoon, reporting directly to Johannes Ehling, Spokesman of the Executive Board, Chief Sales Officer (CSO) and Chief Digital Officier (CDO) of the company. Commenting on Janssen’s appointment Ehling said in a statement: “We are delighted with the signing...

Report

Gerry Weber to discontinue Talkabout

Gerry Weber International AG has decided to discontinue Talkabout, the youngest label under its portfolio. The company said, as part of the current Performance Programme and the extensive transformation, the company will now focus on its core brands, Gerry Weber, Taifun, Samoon and Hallhuber. The company added that most of the Talkabout...

Report

Gerry Weber CEO Ralf Weber to join the supervisory board

Gerry Weber International AG has announced that its CEO Ralf Weber has decided to step down from the position at the end of the financial year 2017/18 on October 31, 2018. From November 1, 2018, the company added, Johannes Ehling, member of the managing board and chief sales and chief digital officer, will assume the position of spokesperson of...

Management

Gerry Weber reports 7.3 percent decline in sales

Gerry Weber International AG said in a statement that sales reached 575.1 million euros (669 million dollars) in the first nine months of the financial year 2017/18, a decrease of 7.3 percent compared to the previous year. After nine months, adjusted EBITDA lowered to 31 million euros (36 million dollars) compared to previous year’s 36.1 million...

Report

Gerry Weber International's CFO Jörg Stüber resigns

Gerry Weber International AG has announced that Jörg Stüber, chief financial officer of the company, has requested to be relieved of his duties due to health reasons. The company said that his request was accepted by the supervisory board. The company added that its supervisory board deeply regrets this decision and expresses its gratitude to St...

Report

Hallhuber CFO Richard Lohner resigns

Munich-based fashion company Hallhuber has announced that it has integrated its accounting, controlling, human resources and logistic operations into the parent company, Gerry Weber International AG. The company said, Richard Lohner, CFO of Hallhuber, who was responsible for the relocation of the commercial operations to Halle/Westphalia and...

Management

Gerry Weber to axe around 150 jobs, lowers forecast

In the first half of 2017/18, Gerry Weber International AG generated consolidated revenues of 404.7 million euros (478 million dollars), a decline of 5.4 percent. Following the disappointing first half, the company has initiated a “Performance Programme”, modifying its business model for sustainable profitable growth As a part of this...

Report

Gerry Weber names Michael Dotterweich Director Wholesale for DACH

Gerry Weber International AG has appointed Michael Dotterweich as Director Wholesale for the DACH region. The company said, in this position he will be responsible for the entire wholesale sales of Gerry Weber and TalkAbout. Commenting on the new appointment, Ralf Weber, CEO of Gerry Weber International said in a press release: "Dotterweich is...

Management

Gerry Weber Q1 revenues decline to 189.8 mn euros

Consolidated sales revenues of Gerry Weber International AG amounted to 189.8 million euros (234.8 million dollars) in the first quarter of the fiscal year 2017/18, compared to 209.2 million euros (258.8 million dollars) in the same period of the previous year. The company said, while Hallhuber recorded an increase in revenues to 58.9 million...

Report

Gerry Weber announces changes to its managing board

The supervisory board of Gerry Weber International AG has announced the company’s future managing board structure. Effective April 1, 2018, the company said that Gerry Weber’s managing board will again be composed of three members - Johannes Ehling will join as Chief Sales Officer and Chief Digital Officer for three years, Jörg Stüber will...