A month after its German parent company went bankrupt, the Belgian Gerry Weber is closing its 24 stores as well. This did not come as a surprise: just like its German counterpart, the Dutch branch had already been declared bankrupt as well.
Long-term problems
After several of its German companies went bankrupt at the end of last month, it was only a matter of time before the other branches would also go bankrupt. The Dutch branch did so at the end of March, and now the Belgian branch is following suit, Het Laatste Nieuws reported yesterday.
Gerry Weber had been struggling with disappointing results for some time, and had to declare itself insolvent in 2019. The company managed to get out of that procedure after eight months – just before the outbreak of the Covid-19 pandemic. Barely three years later, the chain was insolvent again and had to close a large part of its German stores.
Two years later, a new bankruptcy follows for the German, Dutch and now also Belgian branches. While the Dutch curator was still optimistic about interest in the 38 stores and therefore kept them open, this seems to be less the case for the Belgian branches.
