Press Release from Adler Modemärkte AG


Wolfgang Burgard elected new Chairman of the Supervisory Board

Haibach near Aschaffenburg, 28 April 2021: Yesterday, the Supervisory Board of the Company elected Mr Wolfgang Burgard as new Chairman of the Supervisory Board of Adler Modemärkte AG (ISIN DE000A1H8MU) with immediate effect. He thus takes over the position from Massimiliano Monti, who had resigned from his office with effect from 20 April 2021. Mr Burgard has already been a member of the Company's Supervisory Board since June 2013.
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About Adler Modemärkte AG:
Adler Modemärkte AG, headquartered in Haibach near Aschaffenburg, Germany, is one of Germany's largest and most important textile retailers. In 2019, the Group generated revenue of €495.4 million and EBITDA of €70.3 million. As at 30 September 2020, ADLER employed a workforce of around 3,350 and currently operates 172 stores, 143 of which are located in Germany, 24 in Austria, three in Luxembourg, two in Switzerland, plus an online shop. The Company focuses on large-space concepts offering in excess of 1,400 m² of retail space. With its many own brands and select external brands, ADLER offers a highly diverse product range. Thanks to more than 70 years of tradition and strong customer loyalty, ADLER considers itself to be the market leader within its target group of affluent customers aged 55 and over.
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