Gerry Weber Austria: Insolvency meets fashion industry hard!

Gerry Weber Austria: Insolvency meets fashion industry hard!

The situation in the fashion trade is becoming increasingly worrying: the Austrian subsidiary of Gerry Weber International GmbH has filed for bankruptcy. This development fell in time with the bankruptcy proceedings of the parent company in Germany, which was initiated on March 11, 2025. As a result, corporate management ceased the operational operation of most subsidiaries, which has alarming consequences for many employees and business partners.

The Viennese sales unit, which only worked in the Wholesale segment (wholesale), is no longer supplied with goods. This bankruptcy is not the first of its kind; As early as the summer of 2023, the fashion chain in Austria had to register bankruptcy and close the majority of its branches. This third bankruptcy within six years indicates deeper structural problems in the group.

causes of bankruptcy

The bankruptcy of the Austrian society is due to the financial difficulties of the German parent company. The main causes are declining sales, general consumption retention and the increasing shift in buying behavior towards international online trading. Industry experts emphasize that the current weak consumer climate in Europe and the changed shopping policy of specialist trade significantly influence the financial problems.

industry context and prospects

The bankruptcy of Gerry Weber illustrates a worrying tendency within the fashion industry. According to [Fashion United] (https://fashionunited.de/nachrichten/business/tendenz-steigend-insolvenzen-uberschades-wädes- half-year-2024/20241859491), corporate insolvencies in the German fashion market rose by almost 25%compared to the previous year. Especially in the second half of the year, new market changes are emerging because well -known brands like Esprit have announced that they are closing all branches in Germany, which costs 1,300 jobs.

Such developments are not to be viewed in isolation. Various companies, from Zalando to Snocks to meaning and others, show that the industry is under enormous pressure. Political and economic factors, including pandeme -related burglaries and price pressure, have further difficult, while financial burdens increase.

The Gerry Weber Vertriebs GmbH has given a guarantee for the "GWI Facilities Agreement", which secures the liabilities of the Gerry Weber Group. The outstanding claims of 46.9 million euros could be made at any time. Despite these challenges, a renovation of the company does not seem to be planned. This makes the future of Gerry Weber still appear uncertain in Austria and the affected markets.