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    GWI2 — Gerry Weber International AG News Story

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    Brief: Gerry Weber To Sell Ravenna Park Logistics Centre

    Picture of Gerry Weber International AG logoGerry Weber International AG
    29/03/2021 10:31
    March 29 (Reuters) - GERRY WEBER INTERNATIONAL AG
 GWI2k.DE :
    * TO SELL RAVENNA PARK LOGISTICS CENTRE TO MAJORITY
SHAREHOLDER OF
THE WALBUSCH GROUP
    * INVESTMENTS IN FUTURE PLANNED
    * SALE TO BE MADE ACCORDING TO INSOLVENCY PLAN; PROCEEDS
WILL FLOW
TO INSOLVENCY CREDITORS
    * GERRY WEBER WILL BE ABLE TO CONTINUE USING LOGISTICS
CENTRE
    * JOBS OF LOGISTICS STAFF SECURED UNDER TERM SHEET
    * WB LOGISTIK GMBH WILL TAKE OVER EMPLOYEES OF GERRY WEBER
LOGISTIK GMBH
    * LOGISTICS CENTRE IS TO BE SOLD BY END OF 2021 TO SETTLE
CREDITORS' CLAIMS

Source text for Eikon:  ID:nEQ1tdM4Sa 
Further company coverage:  GWI2k.DE 

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