Haibach

DGAP-News: Adler Modemärkte AG: ADLER reaches key milestone in restructuring

Retrieved on: 
Wednesday, July 28, 2021

Haibach, near Aschaffenburg, 28 July 2021 - With the unanimous approval of the insolvency plan at the debate and voting session in court, the insolvency creditors of Adler Modemrkte AG have laid the key milestones for the restructuring of the fashion retailer.

Key Points: 
  • Haibach, near Aschaffenburg, 28 July 2021 - With the unanimous approval of the insolvency plan at the debate and voting session in court, the insolvency creditors of Adler Modemrkte AG have laid the key milestones for the restructuring of the fashion retailer.
  • The restructuring of ADLER will be headed by Adler Modemrkte AG's existing Management Board, led by CEO Thomas Freude.
  • The debate and voting session on the insolvency plans at subsidiaries Adler Mode GmbH and Adler Orange GmbH & Co. KG also took place today.
  • Contact for press and investor relations at Adler Modemrkte AG:

DGAP-News: Adler Modemärkte AG: ADLER submits insolvency plan and plans to conclude proceedings by the end of August 2021

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Friday, July 2, 2021

Haibach (near Aschaffenburg), 2July 2021 - With the filing of the insolvency plan at the Aschaffenburg local court, the decisive phase in the restructuring of Adler Modemrkte AG has begun.

Key Points: 
  • Haibach (near Aschaffenburg), 2July 2021 - With the filing of the insolvency plan at the Aschaffenburg local court, the decisive phase in the restructuring of Adler Modemrkte AG has begun.
  • On 1 July 2021 the Aschaffenburg Local Court opened insolvency proceedings in self-administration over the assets of Adler Modemrkte AG as planned.
  • The company had previously filed for insolvency on 11January 2021 due to the distortions in the wake of the Corona Lockdown.
  • Ideally, the company will be able to terminate the insolvency proceedings as early as the end of August 2021.

DGAP-News: Adler Modemärkte AG: ADLER receives irrevocable offer to conclude an investor agreement

Retrieved on: 
Tuesday, June 22, 2021

Haibach (near Aschaffenburg), 22June 2021 - today received an irrevocable offer from Zeitfracht Logistik Holding GmbH, Berlin to conclude an investor agreement.

Key Points: 
  • Haibach (near Aschaffenburg), 22June 2021 - today received an irrevocable offer from Zeitfracht Logistik Holding GmbH, Berlin to conclude an investor agreement.
  • However, the acceptance of the offer by the company is still subject to the opening of insolvency proceedings over the assets of Adler Modemrkte AG.
  • The Company assumes that the investor agreement can also be signed by it immediately after the opening of insolvency proceedings, which is expected for 1 July 2021.
  • Christian Gerloff, Chief Representative of Adler Modemrkte AG, adds: "The agreement reached today is a good solution for ADLER.

DGAP-News: Adler Modemärkte AG: Wolfgang Burgard elected new Chairman of the Supervisory Board

Retrieved on: 
Wednesday, April 28, 2021

b"Adler Modem\xc3\xa4rkte AG, headquartered in Haibach near Aschaffenburg, Germany, is one of Germany's largest and most important textile retailers.

Key Points: 
  • b"Adler Modem\xc3\xa4rkte AG, headquartered in Haibach near Aschaffenburg, Germany, is one of Germany's largest and most important textile retailers.
  • In 2019, the Group generated revenue of \xe2\x82\xac495.4 million and EBITDA of \xe2\x82\xac70.3 million.
  • The Company focuses on large-space concepts offering in excess of 1,400\xc2\xa0m2 of retail space.
  • With its many own brands and select external brands, ADLER offers a highly diverse product range.

DGAP-News: Adler Modemärkte AG: Back to Profitable Growth with 'New ADLER'

Retrieved on: 
Wednesday, October 7, 2020

Haibach (near Aschaffenburg), 7 October 2020: Adler Modemrkte AG today unveiled its "New ADLER" initiative, a comprehensive package of strategic measures designed to bring the Company back to sustainable and profitable growth by 2023.

Key Points: 
  • Haibach (near Aschaffenburg), 7 October 2020: Adler Modemrkte AG today unveiled its "New ADLER" initiative, a comprehensive package of strategic measures designed to bring the Company back to sustainable and profitable growth by 2023.
  • "New ADLER will propel us into a new era," said Adler Modemrkte AG's CEO, Thomas Freude.
  • One key element to Adler Modemrkte AG's growth strategy is to expand its e-commerce business.
  • Fourth, ADLER intends to significantly expand its reach by joining additional online marketplaces and improving its performance.

DGAP-News: Adler Modemärkte AG: ADLER Launches New Online Shop

Retrieved on: 
Tuesday, October 6, 2020

Adlermode.com Offers New Functionalities and Sleek, Customer-friendly Design

Key Points: 
  • Adlermode.com Offers New Functionalities and Sleek, Customer-friendly Design
    Haibach (near Aschaffenburg), 6 October 2020: Adler Modemrkte AG today unveils its new online shop.
  • The re-launch of the online shop also extends to the ADLER app, which now also offers new functionalities.
  • "ADLER's growth strategy is based on its established business in physical stores, as well as increasingly on its online business.
  • The design of the new online shop focuses in particular on personalised offers that take into account customers' individual preferences.

DGAP-News: Adler Modemärkte AG: ADLER Opens New Store at Hessen Center

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Wednesday, September 30, 2020

Haibach (near Aschaffenburg), 30 September 2020: Adler Modemrkte AG will be opening a new store at the Hessen Center shopping mall in Bergen-Enkheim, Frankfurt am Main, on 7 October 2020.

Key Points: 
  • Haibach (near Aschaffenburg), 30 September 2020: Adler Modemrkte AG will be opening a new store at the Hessen Center shopping mall in Bergen-Enkheim, Frankfurt am Main, on 7 October 2020.
  • It will be the second ADLER store to be opened this year, after Schwbisch Hall.
  • ADLER is systematically pursuing its successful store optimisation programme, including by expanding to add lucrative new locations.
  • "We are very pleased to be opening a new ADLER store in such an attractive location as the Hessen Center," said Carmine Petraglia, CCO of Adler Modemrkte AG.

DGAP-News: Adler Modemärkte AG: Annual General Meeting of Adler Modemärkte AG to be Held as Virtual Meeting on 8 October 2020

Retrieved on: 
Thursday, August 27, 2020

Haibach (near Aschaffenburg), 27 August 2020: Due to the ongoing uncertainties in connection with the COVID-19 pandemic, the Annual General Meeting of Adler Modemrkte AG will be held as a virtual meeting without the physical presence of shareholders or their proxies this year.

Key Points: 
  • Haibach (near Aschaffenburg), 27 August 2020: Due to the ongoing uncertainties in connection with the COVID-19 pandemic, the Annual General Meeting of Adler Modemrkte AG will be held as a virtual meeting without the physical presence of shareholders or their proxies this year.
  • The Company announced on 26 March 2020 that it would be postponing the Annual General Meeting, which had originally been planned for 6 May 2020 at the Aschaffenburg Stadthalle.
  • For this reason, it is making use of the temporary legal provision and holding the Annual General Meeting in virtual form.
  • Shareholders and/or their proxies registered in accordance with the regulations will be able to view the full live audio-visual broadcast of the Annual General Meeting on the Company's website on the Annual General Meeting platform.

DGAP-News: Adler Modemärkte AG: Substantial Improvement of EBITDA Expected in Second Half of 2020

Retrieved on: 
Thursday, August 6, 2020

Haibach (near Aschaffenburg), 6 August 2020: After Adler Modemrkte AG secured substantial financing commitments in May, of which the Company has thus far drawn down approximately 20 million, the Group reported sound liquidity of 44.4 million as at 30 June 2020.

Key Points: 
  • Haibach (near Aschaffenburg), 6 August 2020: After Adler Modemrkte AG secured substantial financing commitments in May, of which the Company has thus far drawn down approximately 20 million, the Group reported sound liquidity of 44.4 million as at 30 June 2020.
  • In addition, the Group's efforts to digitalise every link of the value chain are expected to result in higher revenue and greater cost efficiency.
  • In the next quarters, the focus of the management will also be on improving cash flows and working capital.
  • The in total 69 million in financing commitments negotiated in May 2020 secured the Company's funding for the long term.

DGAP-News: Adler Modemärkte AG: ADLER Receives €69 Million in Long-term Financing Commitments

Retrieved on: 
Tuesday, May 12, 2020

Haibach (near Aschaffenburg), 12 May 2020: Adler Modemrkte AG is driving forward the strategic development of the company in order to emerge from the current Covid 19 crisis stronger than before.

Key Points: 
  • Haibach (near Aschaffenburg), 12 May 2020: Adler Modemrkte AG is driving forward the strategic development of the company in order to emerge from the current Covid 19 crisis stronger than before.
  • In this context, ADLER has secured additional financial leeway to stabilise business operations and to provide additional financing for ADLER Group with financing commitments of 69 million.
  • As a result of the guarantee commitment available as of today, the loan agreement already concluded as part of interim financing can now be fully utilised.
  • "ADLER has successfully secured its operations for the long term by obtaining financing commitments of 69 million.