DGAP-News 289 0 Kommentare Gerry Weber taps new Retail distribution channel in Germany

DGAP-News: Gerry Weber International AG / Key word(s): Miscellaneous
Gerry Weber taps new Retail distribution channel in Germany

02.10.2014 / 08:42

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Corporate News

GERRY WEBER taps new Retail distribution channel in Germany

(Halle/Westphalia, 2 October 2014) GERRY WEBER International AG and one of
its franchisees have established a joint venture for the opening of own
Retail stores at selected German railway stations. The joint venture
partner already operates four Houses of GERRY WEBER and one SAMOON
mono-label store in the shopping malls of the main Berlin railway stations
under a franchise agreement and has integrated the existing stores into the
new joint venture.

After integration of the five existing stores into the joint venture, GERRY
WEBER International AG has acquired a majority stake of 51% in the jointly
owned company. The joint venture includes not only the investment in the
five existing GERRY WEBER stores but also the wholesale business in Eastern
parts of Germany and Eastern Europe, for which the joint venture partner
used to be responsible. The GERRY WEBER Group has a purchase option for the
49% held by our partner as from 2019.

The purpose of the joint venture is to open further GERRY WEBER, TAIFUN and
SAMOON stores in the shopping malls of selected German railway stations.
"Thanks to their high footfall, the shopping malls in many German railway
stations are becoming increasingly attractive for retailers. They
complement the shopping possibilities in the city centres and offer
customers a diverse product range. We therefore decided to make growing use
of this distribution channel for the GERRY WEBER brands in cooperation with
an experienced partner," says Ralf Weber, Board member in charge of the
Retail segment of GERRY WEBER International AG.

Admitted to the Regulated Market of the Frankfurt Stock Exchange (Prime
Standard)
ISIN: DE0003304101
WKN: 330410













Investor Relations Contact

GERRY WEBER International AG

Neulehenstraße 8

D - 33790 Halle/Westfalen



Claudia Kellert                           Anne Hengelage

Tel.: +49 (0) 52 01-185 8422              Tel.: +49 (0) 52 01-185 8522

E-mail: c.kellert@gerryweber.de           E-mail: a.hengelage@gerryweber.de

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02.10.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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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: c.kellert@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 News DGAP News-Service
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