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Fashion Jobs
EASTWOOD CONSULTANTS LIMITED
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Permanent · Hong Kong
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Area Manager, Dickies hk
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CONNECTEDGROUP LTD
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Permanent · KWUN TONG
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Product Manager (Fashion &Amp; Hardgoods)
Permanent · KWUN TONG
CONNECTEDGROUP LTD
Global Sustainability Manager (Textile)
Permanent · KWUN TONG
EMMA WALLACE CO LTD
Brand Manager
Permanent · HONG KONG
EMMA WALLACE CO LTD
Sales Manager
Permanent · HONG KONG
BESTEAM PERSONNEL CONSULTANCY LTD.
General Merchandising Manager (Ladies’ Knit & Sweater)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
General Merchandising Manager / Divisional Merchandising Manager (Ladies Woven)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Divisional Merchandising Manager (Ladies Knit)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Divisional Merchandising Manager (Ladies’ Sweater)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
q.a. Manager (All Garments) (Offshore Countries)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager / Senior Merchandising Manager (Ladies’ Knit / Ladies’ Sweater)
Permanent ·
VF
Senior Visual Merchandising Manager
Permanent · 香港
VF
Assistant Regional Merchandising Manager, Lifestyle Footwear
Permanent · 香港
EASTWOOD CONSULTANTS LIMITED
Accounting Manager - Luxury Brand
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Senior Administration Manager, Retail
Permanent · Hong Kong
VF
Assistant Merchandising Manager
Permanent · 香港
PUMA
Executive, Sales
Permanent · Hong Kong
VF
Senior Finance Analyst
Permanent · 香港
VF
Assistant Regional Merchandising Manager - Men Apparel
Permanent · 香港
VF
Senior Manager, Global Supply Planning
Permanent · 香港

Gerry Weber founder Gerhard Weber exits shareholding

By
DPA
Translated by
Barbara Santamaria
Published
today Nov 8, 2019
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Troubled clothing manufacturer Gerry Weber has taken an important step in it reorganisation. The insolvency plan will see existing shareholders exit as part of a capital reduction, a company spokesman said on Thursday.


Gerhard Weber - dpa


Financial investors Robus Capital and Whitebox will become the sole owners of Gerry Weber. They will provide almost 50 million euros to continue the company’s restructuring and compensate creditors.

Company founder Gerhard Weber, who established the fashion firm in Westphalia, Germany in 1973 with Udo Hardieck, will also lose his shares. According to company information, Weber had, directly and indirectly, owned just under 30% of Gerry Weber in April.

The fashion company has been under pressure for many years. In addition to a decline in footfall in key locations, it suffered from the shift to online shopping. Meanwhile, a string of mistakes, including investing too much in its own distribution, took a toll on its bottom line. At the end of January, the business was forced to file for insolvency under self-administration.

But securing new financial partners may be just what the company needs. Lawyer Stefan Meyer expects that the insolvency proceedings under self-administration will reach completion this year. The restructuring could save more than 3,600 jobs at Gerry Weber, he said a few weeks ago.

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