Adler Modemärkte AG

  • WKN: A1H8MU
  • ISIN: DE000A1H8MU2
  • Land: Deutschland

Nachricht vom 02.03.2015 | 09:28

Adler Modemärkte AG: ADLER Sells Dillenburg Store to Steilmann-Boecker


Adler Modemärkte AG / Key word(s): Disposal

2015-03-02 / 09:28


Press Release from Adler Modemärkte AG

ADLER Sells Dillenburg Store to Steilmann-Boecker

Remaining Kressner Stores to Receive New ADLER ORANGE Logo

Haibach (near Aschaffenburg), 2 March 2015. Adler Modemärkte AG - one of Germany's largest textile retailers - has sold its Dillenburg store to Steilmann-Boecker Fashion Point GmbH & Co. KG effective 1 March 2015. ADLER took over the Dillenburg store in January 2015 after acquiring 100% of the shares in Bekleidungshaus Kressner GmbH & Co. KG. The employee service agreements transfer to the purchaser. The parties agreed to keep the purchase price confidential.

The sale of the Dillenburg store and closure of the Kredenbach store announced for the end of the year 2015 mark the end of the optimisation process ADLER initiated for the portfolio of Kressner stores it acquired. The application for the process to rename Kressner GmbH & Co. KG to Adler Orange GmbH & Co. KG and to relocate the company headquarters from Wissen to Haibach, which included integrating the Kressner employees concerned at ADLER's headquarters, is now also complete. "We have not planned any additional adjustments at the present time and are excited about operating the Kressner stores under the new ADLER ORANGE logo", said ADLER CEO Lothar Schäfer. The purpose behind the ADLER ORANGE logo is to show customers that the stores now carry an expanded range of brands. An orange stripe in the logo will pay homage to the colour scheme used in the previous Kressner logo. At the same time, the ADLER affiliation will be instantly clear. The stores will be outfitted with the new logos when the stores are re-branded for the start of the next season in March.

ADLER previously sold a total of three stores in Koblenz, Göttingen and Hagen to Steilmann-Boecker in 2011 and 2012. Steilmann-Boecker continues to successfully operate all of these stores. "The Dillenburg store is an excellent fit with the concept for our network of stores. It's a perfect way to reach our target group and we're very much looking forward to continuing the store's success with its team of experienced employees", said Massimo Giazzi, Managing Director of Steilmann-Boecker Fashion Point GmbH & Co. KG.

About Steilmann-Boecker
Steilmann-Boecker Fashion Point GmbH & Co. KG, Herne, is a long-standing German fashion company with eleven stores located primarily in North Rhine-Westphalia and Rhineland Palatinate. Its product range consists of own brands, such as Steilmann, Apanage and Kapalua, and prestigious external brands that are sold via high street stores and shop-in-shop concepts for premium brands.
It focuses on customers aged 35 and up, as this target group is financially stable and places a high value on quality, brand diversity and customer service. Steilmann-Boecker belongs to Steilmann Holding AG, a European fashion group that generates some EUR700 million in revenue per year.
In May 2013, Steilmann-Boecker and the private equity firm Equinox acquired the majority of the shares in Adler Modemärkte. As at 30 June 2014, Steilmann-Boecker and Equinox held a 52.81% share in Adler Modemärkte - one of Germany's leading textile retail chains - via the investment company S&E Kapital. In financial year 2013, Steilmann-Boecker generated EUR440.5 million in revenue and operating earnings (EBIT) of EUR35.9 million.
For additional information, visit www.steilmann-boecker.de.

Adler Modemärkte AG, headquartered in Haibach near Aschaffenburg, Germany, is one of Germany's largest and most important textile retailers. In 2013, the Group generated revenue of EUR528.6 million with a workforce of around 4,300, generating EUR42.9 million in EBITDA. ADLER currently operates 178 stores, 153 of which are located in Germany, 22 in Austria, two in Luxembourg, one in Switzerland, plus an online shop. The Company focuses on large-space concepts offering in excess of 1,400 m2 of retail space. With its many own brands and select external brands, ADLER offers a highly diverse product range. Thanks to more than 60 years of tradition and strong customer loyalty, ADLER considers itself to be the market leader within its target group of affluent customers aged 45 and over.
For more information: www.adlermode-unternehmen.com; www.adlermode.com

Press enquiries:
Jasmin Dentz
GFD Finanzkommunikation
Telephone: +49 (0) 69 971 247 31
Mobile: +49 (0) 151 67204247
E-mail: dentz@gfd-finanzkommunikation.de

Investor Relations enquiries:
Jennifer Gaußmann
Adler Modemärkte AG
Industriestraße Ost 1-7
D-63808 Haibach
Telephone: +49 (0) 6021 633 12 19
Mobile: +49 (0) 152 54550967
E-mail: jennifer.gausmann@adler.de





2015-03-02 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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