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Provider: Wright Reports
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Gerry Weber International AG Acquires Majority Stake in 19 HOUSES of GERRY WEBER in Belgium

Wednesday, 31 Jul 2013 01:26am EDT 

Gerry Weber International AG announced that it has acquired a majority stake in 19 established HOUSES of GERRY WEBER in Belgium. In the context of the transaction, GERRY WEBER has acquired a 51% stake in the two Belgian operating companies. In addition, a 51% stake in the sales rep operations for the regions Belgium and Luxembourg has been acquired. The purchase price for the majority investments totals EUR 7.97 million. 

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