Home / Knowledge / News / Apparel/Garments / Gerry Weber acquires bankrupt DON GIL Textilhandel
Gerry Weber acquires bankrupt DON GIL Textilhandel
Nov '11
Takeover of lease rights from bankrupt “DON GIL” Textilhandel GmbH marks the next step in the ongoing international expansion of GERRY WEBER.

Up to this date, the Retail segment of GERRY WEBER has operated 23 own HOUSES OF GERRY WEBER in Austria. After the conclusion of the bidding procedure, Managing Director Thomas Kronefeld expressed his satisfaction: “We are extremely pleased that we have been successful in this process.

This will enable us to put our expansion plans in Austria into practice much faster than originally planned. All stores taken over are in prime locations, both in the city centres and in the shopping centres. The visibility of the additional locations will further increase the brandname awareness of GERRY WEBER”.

In the days ahead, the company will make a detailed analysis and fine-tuning to identify those locations that will be operated by GERRY WEBER and those that may be run by third parties. Most of the 29 stores, which have a combined space in excess of 12,000 square metres, will be operated by the company as HOUSES OF GERRY WEBER sell GERRY WEBER Collection, GERRY WEBER Edition, G.W., TAIFUN and SAMOON.

GERRY WEBER has not yet decided what to do with the trademark and name rights that were acquired in the process. Says Managing Director Ralf Weber: “If a third party is interested in the trademark rights, we might be willing to enter into negotiations.”

In spite of the difficult situation of DON GIL, the qualified employees of the company achieved a relatively high productivity of the DON GIL stores in the past. This confirms the experience gained by GERRY WEBER that Austria is a very profitable output market.

The takeover will further accelerate the expansion of GERRY WEBER's own Retail activities, which had already been stepped up significantly in the fiscal year that has just ended, when 64 new own stores were opened. Going forward, the Group will therefore be able to focus even more strongly on making inroads into new markets in Eastern Europe.

With the first company-run HOUSE OF GERRY WEBER just opened in Poland and more to follow before the end of the calendar year, the activities now focus on the Czech Republic and Slovakia. GERRY WEBER's excellent liquidity and equity position will enable the company to finance future acquisitions in the Retail segment from its own funds.

The takeover is subject to approval by the Austrian anti-trust authorities and the Austrian cartel office.

Gerry Weber International AG

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search