Home / Knowledge / News / Apparel/Garments / Gerry Weber buys stake in existing stores in Netherlands
Gerry Weber buys stake in existing stores in Netherlands
Sep '12
Gerry Weber International AG and its largest Dutch franchise partner have agreed that GERRY WEBER acquires 51% in the franchise partner's local Houses of Gerry Weber and the concession stores. The Gerry Weber Group will thus acquire a majority stake in 25 existing Houses of Gerry Weber and 15 concession stores in the Netherlands.

The parties agreed not to disclose any information on the purchase price of the 51% stake. The two Dutch operating companies will be fully consolidated in the financial statements of the Gerry Weber Group and be assigned to the Retail segment. According to the contractual agreements, the Gerry Weber Group has the preemptive right to acquire the remaining 49% from the year 2017.
The acquisition and integration of the existing 6,000 square metres of sales space into the company's own Retail segment fit in with the Gerry Weber Group's strategy of expanding its Retail activities also in the foreign core markets.
'We are not only acquiring a very profitable network of well-established Houses of GERRY WEBER but will also benefit the growth potential of one of our most important European markets. Local management will remain in the hands of our experienced franchise partner, who will support our ongoing expansion in the Netherlands,' said Gerhard Weber, CEO of Gerry Weber International AG. Agreements for further Houses of Gerry Weber as well as concession stores have already been reached by our franchise partner for the financial years 2013 and 2014. 

Gerry Weber

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

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...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search