Gerry Weber Set to Acquire Hallhuber from Change Capital
December 29, 2014
Gerry Weber International (XETRA: GW1) has agreed to acquire German fashion company Hallhuber from Change Capital Partners. Founded in 1977, Hallhuber specializes in upper-end women's fashion, selling garments across the globe via 94 retail locations, 12 outlets and 113 concession spaces. The company, which was initially acquired by Change Capital in 2009, generated roughly €109.2 million in revenues and about €9.5 million in EBITDA for the current fiscal year ended December 31, 2014. Gerry Weber will look to support the company in areas such as sourcing and logistics to further expand the company both in Germany and abroad.