Steilmann Holding AG
Steilmann-Boecker reorganised as Steilmann SE
Steilmann-Boecker reorganised as Steilmann SE Herne/Bergkamen, 28. August 2015 – Steilmann-Boecker Fashion Point GmbH & Co. KG, a German fashion company with a rich heritage, has changed its legal form to become a Societas Europaea (SE). The transformation will be effective immediately and will consolidate the operations of Boecker Group, Steilmann Fashion Group, Apanage Fashion Group, and a joint indirect majority stake in Adler Group. Steilmann SE will continue the business of Steilmann-Boecker Fashion Point GmbH & Co. KG unchanged. The reorganisation will not affect the shareholder structure. The new legal form provides for greater flexibility for the group’s further development and growth. The company will continue to be family-owned and led by family members Dr. Michele Puller (CEO) and Paola Viscardi-Giazzi (COO). Jens Brüggemann completes the Executive Board as CFO. Dr. Michele Puller, CEO of Steilmann SE, commented: “Today, we are a successful, verticalised international fashion company. The structural changes and renaming should maintain a high level of brand awareness and develop the reputation of Steilmann’s brands for fashion expertise and quality both in Germany and internationally.” The consolidation of Steilmann’s fashion operations creates further synergy opportunities. The company’s vertical integration across the entire value chain, from design to point of sale, allows the company to further improve profitability. Products are designed in Germany and produced by authorised third-party suppliers, as well as at the company’s factories in China, Moldova, Poland, Latvia and Romania. Steilmann SE’s diversified manufacturing network facilitates an optimal cost efficiency to time to market ratio. The company is therefore able to react quickly to the short-term seasonal demands of its customers. Steilmann-Boecker Fashion Point GmbH & Co. KG, registered under HRA 5691 in the Bochum Local Court Trade Register, is now defunct. Steilmann SE (Local Court Hamm, HRB 8563) assumes all rights and obligations in relation to the borrowings of Steilmann-Boecker Fashion Point GmbH & Co. KG. For further information, please visit our website: www.steilmann-se.com Reena Dennhardt Monica Giazzi About Steilmann SE: Steilmann SE is one of the largest apparel retailers in Germany by revenue. The family-owned company headquartered in Bergkamen (North Rhine-Westphalia) covers the entire value chain of the clothing industry, controlling all key processes from design and manufacturing to sales in its stores and those of its customers, as well as e-commerce operations. The company operates in a growing segment of the industry, focusing on customers that appreciate high quality at reasonable prices and demonstrate high levels of loyalty. The company’s product portfolio consists of its own brands, such as Steilmann, Apanage, Kapalua, and Stones, and domestic and foreign labels of renowned manufacturers. Steilmann SE comprises the operations of Boecker Group, Steilmann Fashion Group and Apanage Fashion Group, as well as a joint indirect majority stake in Adler Modemärkte. The company’s total revenues, including those of Steilmann Fashion Group and Apanage Fashion Group acquired at the end of last year, amounted to approximately EUR900 million in 2014. It employs more than 8,300 people, 58 per cent of whom are based in Germany. Steilmann SE’s products are sold at more than 1,300 points of sale in 18 countries. End of Media Release Issuer: Steilmann Holding AG Key word(s): Enterprise 2015-08-28 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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