News last week that Gerry Weber Group executive Norbert Steinke was stepping down from the management board has been followed up with an announcement that he is also quitting as Hallhuber managing director.
Gerry Weber may have its problems at the moment with ongoing losses and the departure of its retail chief last week. But the company was upbeat Monday as it revealed Eva Herzigova as its new face for the AW17 campaign.
Just a week after under-pressure womenswear giant Gerry Weber reported falling sales but said its turnaround was on track, it has parted with one of its top execs its share price has fallen as a result.
It’s not been an easy time for former womenswear powerhouse Gerry Weber of late but the company was upbeat this week even though it had to report lower sales and profits for the six months to April 30.
Gerry Weber International has had a bruising time in recent periods but there seems to be light at the end of the tunnel as the firm starts to recover on the back of a carefully controlled turnaround strategy.
According to the company, the two parties reached an “amicable agreement”, effective immediately. Auhagen will be succeeded by Ingo Wilts, who will take up his post as CBO no later than November 1, 2016.