CFC Industriebeteiligungen GmbH & Co. KGaA / Agreement/Strategic Company Decision
07.03.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- CFC Industriebeteiligungen acquires exclusive license for trademark
'Hirsch' for the fashion collection Autumn / Winter 08
Dortmund, 04. March 2008
CFC 5. Zwischenholding GmbH, a 100 % subsidiary of CFC
Industriebeteiligungen GmbH & Co. KGaA group, acquired yesterday the
exclusive license to use the trademark 'Hirsch' for the fashion collection
Autumn / Winter 08/09 . This step was facilitated by the fact that stock
listed Hirsch AG, Düsseldorf, filed for insolvency on 24. January 2008.
Parallel to the licensing the intense negotiations for the final
acquisition of the trademark 'Hirsch' are going on with the preliminary
receiver of Hirsch AG.
Hirsch is famous for high-value woman´s outer garments and holds high
competencies in the segment of ladies skirts. In the fiscal year 2006/7 the
company generated a turnover of approximately 30 Mio.
CFC 5. Zwischenholding is a sister company to delmod international, who was
acquired by CFC in December 2007, and is also operating in the same
segment of high-value woman´s outer garments. The value-added process
regarding production and supply chain for the Hirsch collection will be
provided by delmod. This offers the customers of Hirsch the necessary
assurance, that no insolvency related quality or supply difficulties will
occur.
Marcus Linnepe, CEO of CFC Industriebeteiligungen states highly satisfied:
'I am pleased about the acquisition of the exclusive license for the
traditional brand 'Hirsch'. I would like to thank especially the
preliminary receiver Dr. Nehrlich. His co operational attitude made it
possible to keep 'Hirsch' in the market. The cooperation with delmod in
production and supply assures to all customers, a continuing business
relation with the well known Hirsch quality and fit.
About CFC Industriebeteiligungen GmbH & Co. KGaA
CFC (www.cfc.eu.com) is an investment company, which has specialized on the
acquisition and restructuring of medium-sized companies in turnaround
situations.
Investments are made in such companies, that despite crisis have a healthy
core business. Key decision driver for an investment is the so called '100
days plan': CFC investment is subject to a significant gain in appreciation
expected within the first three months after initial investment applying
standardized measures to restore the crisis and set the course for a
positive yield.
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Contact:
CFC Industriebeteiligungen GmbH & Co. KGaA
Dr. Frank Nellißen
Chief Financial Officer
Tel: +49 231 22240 500
eMail: fn@cfc.eu.com
DGAP 07.03.2008
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Language: English
Issuer: CFC Industriebeteiligungen GmbH & Co. KGaA
Westfalendamm 9
44141 Dortmund
Deutschland
Phone: +49 (0)231-222 40 500
Fax: +49 (0)231-222 40 501
E-mail: info@cfc-eu.com
Internet: www.cfc-eu.com
ISIN: DE000A0LBKW6
WKN: A0LBKW
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Stuttgart
End of News DGAP News-Service
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DGAP-News: CFC Industriebeteiligungen acquires exclusive license for trademark
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