Lingerie manufacturer – Schiesser postpones IPO

Schiesser board spokesman Rudolf Bündgen said on Wednesday would in Radolfzell on Lake Constance, on account of the events in Japan and the Middle East and North Africa expected in the coming weeks, a fluctuating stock market remains strong, ” and prevent the conditions that we want for a successful public offering has the benefit of our investors. “

Schiesser claims to be the market leader among German underwear specialists. The traditional company had to file for bankruptcy in February 2009. 400 of 2300 points were omitted. Earlier this year, the lingerie manufacturer’s insolvency was officially behind them.
Last November Schiesser had announced to seek a listing in the Prime Standard of Deutsche Börse. The bankruptcy plan was approved in December by the meeting of creditors and a court in Constance. Talks on cooperation between Schiesser and the fashion designer Wolfgang Joop had been completed in March with no result.

Tags: schiesser board japan events strong market omitted specialists bankruptcy