GERRY WEBER acquires leases, inventories and trademarks from the liquidator of 'DON GIL' Textilhandel GmbH
Gerry Weber International AG / Key word(s): Strategic Company Decision
17.11.2011 10:23
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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GERRY WEBER acquires leases, inventories and trademarks from the liquidator
of 'DON GIL' Textilhandel GmbH
(Halle/Westphalia, 16 November 2011) The GERRY WEBER Group today acquired
the right to take over all trademark and intellectual property rights from
the liquidator of bankrupt 'DON GIL' Textilhandel GmbH. These include, in
particular, leases, inventories and trademark rights. The acquisition was
effected today in a bidding procedure. The purchase price of EUR 6.1
million will be paid from the Group's own financial resources.
Based on a resolution dated 25 October 2011, bankruptcy proceedings were
issued against the assets of 'DON GIL' Textilhandel GmbH. Up to this date,
the company had operated 29 locations in Austria, selling its own
ladieswear and menswear as well as third-party brands. The stores measure
between 120 and 909 square metres.
The acquisition of these rights gives GERRY WEBER, which already operates
23 HOUSES OF GERRY WEBER in Austria, the possibility to continue its
expansion in the country faster than originally planned.
Investor relations contact:
GERRY WEBER International AG
Jörg Stüber
Neulehenstraße 8
D-33790 Halle/Westfalen
Tel. 05201 - 185 0
Fax 05201 - 185 378
E-mail: j.stueber@gerryweber.de
17.11.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Gerry Weber International AG
Neulehenstraße 8
33790 Halle/Westfalen
Germany
Phone: +49 (0)5201 185-0
Fax: +49 (0)5201 5857
E-mail: j.stueber@gerryweber.de
Internet: www.gerryweber-ag.de
ISIN: DE0003304101
WKN: 330410
Indices: MDAX
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
Freiverkehr in Berlin, Stuttgart
End of Announcement DGAP News-Service
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Gerry Weber International AG / Key word(s): Strategic Company Decision
17.11.2011 10:23
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
GERRY WEBER acquires leases, inventories and trademarks from the liquidator
of 'DON GIL' Textilhandel GmbH
(Halle/Westphalia, 16 November 2011) The GERRY WEBER Group today acquired
the right to take over all trademark and intellectual property rights from
the liquidator of bankrupt 'DON GIL' Textilhandel GmbH. These include, in
particular, leases, inventories and trademark rights. The acquisition was
effected today in a bidding procedure. The purchase price of EUR 6.1
million will be paid from the Group's own financial resources.
Based on a resolution dated 25 October 2011, bankruptcy proceedings were
issued against the assets of 'DON GIL' Textilhandel GmbH. Up to this date,
the company had operated 29 locations in Austria, selling its own
ladieswear and menswear as well as third-party brands. The stores measure
between 120 and 909 square metres.
The acquisition of these rights gives GERRY WEBER, which already operates
23 HOUSES OF GERRY WEBER in Austria, the possibility to continue its
expansion in the country faster than originally planned.
Investor relations contact:
GERRY WEBER International AG
Jörg Stüber
Neulehenstraße 8
D-33790 Halle/Westfalen
Tel. 05201 - 185 0
Fax 05201 - 185 378
E-mail: j.stueber@gerryweber.de
17.11.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Gerry Weber International AG
Neulehenstraße 8
33790 Halle/Westfalen
Germany
Phone: +49 (0)5201 185-0
Fax: +49 (0)5201 5857
E-mail: j.stueber@gerryweber.de
Internet: www.gerryweber-ag.de
ISIN: DE0003304101
WKN: 330410
Indices: MDAX
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
Freiverkehr in Berlin, Stuttgart
End of Announcement DGAP News-Service
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