GmbH dedicates its collection to Pakistan flood victims
The “Ghazal” male spring collection 2023 from Gesellschaft mit beschränkter Haftung (GmbH), a German design house, was launched with a tribute to Pakistan’s flood victims.
Recently in Paris Fashion Week, the models walked the ramp on Mehdi Hassan’s song “Duniya Kisi Ke Pyar Mein” after which the audience became surprised.
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German fashion brand dedicates its collection to Pakistan flood victims
The spring collection, called Ghazal, after the ancient form of Arabic poetry, officially marked the first time the designers focused on fleshing out a woman’s wardrobe, but it played more like an exercise in continuity. Exploring the tensions between religion, morality, and freedom.
GmbH is an abbreviation of the German phrase “Gesellschaft mit beschränkter Haftung,” which means “company with limited liability.”
It’s a suffix used after a private limited company’s name in Germany (versus AG, which is used to indicate a public limited company).1 GmbH is the equivalent of “LLC” (limited liability company) used in the U.S. or “Ltd.” (limited) used in the U.K., and is the most common form of incorporation in Germany.
A limited company is one where the shareholders’ liability is limited to the amount of their original investment, and the shareholders are not responsible for the company’s debts, thus protecting their personal assets if the company becomes insolvent.
The difference between a private limited company and a public limited company is that the shares in a private limited company are not offered to the general public and are not traded on a public stock exchange.
The most common corporate legal entity in Germany and Austria is the limited liability company or GmbH. Under German law, the minimum capital requirement for starting a private limited company is €25,000, half of which must be available before registering the firm in the Unternehmensregister or Company Register, the central platform for saving legally relevant company data.2 This way, the country ensures that only solvent entrepreneurs are able to start new companies.
