[ad_1]
Dusseldorf (APA / Reuters) – Gerry Weber, a struggling German fashion company, will abandon its talkabout label, launched in 2016. "Given the economic challenges we face as a business, we are putting our resources in common and we focus on our core business for long-term success, "designated spokesman Johannes Ehling said Thursday.
The last collection will be delivered in the spring. Most employees would continue to work in the group. The news started well on the stock market: the title gained 3.8% to 2.95 euros. A year ago, however, newspapers were worth more than three times.
The women's clothing manufacturer has suffered losses for some time and has not yet managed the turnaround, despite the restructuring of the company and the removal of some 700 jobs. The barely 6,500 employees need to prepare for a major new workforce reduction. The buying behavior change and the badociated market upheavals must be taken into account, had recently announced the group. In addition to the deep cuts on the staff side, there will also be a structural change.
Gerry Weber did not want to comment on a press article according to which President Ernst Schröder wanted to throw in the towel. "Magazin Manager" reported, quoting insiders, that the long-time chief inspector wanted to leave his position at the committee meeting in December.
~ ISIN DE0003304101 WEB http://www.gerryweber-ag.de/ ~ APA378 2018-10-25 / 15: 01
Source link
