ADLER MODEMÄRKTE : Downgraded from Neutral to Sell by Kepler Cheuvreux

Adler Modemaerkte AG is a Germany-based textile company. The company is a retailer focusing on market activities on Germany, Austria and Luxembourg. The Company markets a variety clothing for both women and men, as well as lingerie. In addition, the Company also offers a range of accessories, footwear, clothing for children and for babies, traditional dress and hardware products. The Company focuses on retail concepts having space occupied by the stores. The Company markets mainly their own brands supplemented by a range of external brands. The products are distributed via a network of more stores as well via an online store.