ARQUES Industries AG / Miscellaneous
14.08.2008
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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ARQUES sells Austrian fashion chain Schöps
Starnberg, August 14, 2008 - The Starnberg-based ARQUES Industries AG (ISIN
DE0005156004), has sold its share in the Austrian fashion chain, Schöps,
for a symbolic price. The buyer is the Austrian retail and real estate
entrepreneurial family, Al-Wazzan.
Schöps is still in a difficult situation despite the repositioning in the
low price segment. Most recently the situation even became worse due to the
extremely competitive environment in the Austrian retail business.
Conceptually the buyer will operate differently and will partially change
over to a franchise system. Within the course of the transaction, the buyer
has committed itself to significant investments in Schöps.
With this step, ARQUES is rigorously continuing the reassessment of its
portfolio. Both successfully reorganised enterprises, as well as
enterprises not able to attain their margin target, are to be sold.
The buyer successfully operates franchise stores and retail shops in the
textile business in Austria (Street One, Tally Weijl, Esprit, Leder
Company, Jeans Only etc.).
About ARQUES
ARQUES Industries AG, Starnberg, (www.arques.de), is a business partner of
conglomerates regarding company spin-offs and a turnaround specialist who
focuses on the acquisition and the active restructuring of companies in
transitional situations, in order to develop these, with its own team and
own resources, to competitive enterprises with a positive yield. ARQUES
revitalises its subsidiaries' potential for creating value for the benefit
of all its stakeholders, taking on the relevant social responsibility. The
shares of ARQUES Industries AG are traded in the regulated market (Prime
Standard) of the Frankfurt Stock Exchange under the symbol 'AQU' (ISIN:
DE0005156004) and are listed in the SDAX.
Contact
ARQUES Industries AG
Investor Relations & Corporate Communication
Anke Lüdemann, CEFA/CIIA
Email: luedemann@arques.de
Public Relations
Christian Schneider
Email: schneider@arques.de
Tel.: +49 (0) 8151/ 651 0
DGAP 14.08.2008
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Language: English
Issuer: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg
Deutschland
Phone: +49 (0)8151 651-0
Fax: +49 (0)8151 651- 500
E-mail: luedemann@arques.de
Internet: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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DGAP-News: ARQUES sells Austrian fashion chain Schöps
| Source: EQS Group AG