CBR Fashion Holding AG said Wednesday that the company and its current owner EQT have decided to postpone the planned initial public offering of the Company due to the recent events relating to the economic situation of Greece and their effects on broader financial markets.
CBR together with EQT will continue to evaluate the market environment regarding a potential IPO in the future, the company said.
CBR Fashion Group was founded in 1980 and today is a major fashion group in the large German women's mainstream market, with a broad geographical footprint and two well-established brands, Street One and CECIL.
With revenues of 609.2 million euros in 2014, CBR is one of Germany's major
womenswear players. As of on 31 March 2015, CBR has about 1,000 employees and operates in 19 countries across Europe.
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