• Berlin logistics group Zeitfracht is the new owner of Adler

    1 month ago - By Fashion United

    Image: Adler Mode, Facebook
    The insolvent German fashion chain Adler has received an offer from the Berlin logistics group Zeitfracht to take over the company and supply it with the urgently needed fresh capital.
    Adler Modemärkte has announced that the negotiations are “in advanced stages” for a binding takeover offer that could come into effect after the bankruptcy proceedings are expected to open in early July.
    According to the company, the insolvency plan will stipulate a capital decrease in form of a reduction of the share capital of Adler Modemärkte AG to zero and an subsequent...
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