Report
Markus Schmitt

CBR Fashion Group : The unicorn in Germany’s apparel fashion industry

CT Investment GmbH is the issuer of the EUR 470m senior secured notes due 2030. However, we refer to the group still by CBR or CBR Fashion. Since the publication of our Issuance Focus paper in March 2024, we have spoken with the company meanwhile to get a deeper understanding of the name and to prepare a model. - Having said this, the exercise of preparing a model is a bit meaningless since the company spent basically all excess free cash flow via dividends to Alteri funds, a group...
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Markus Schmitt

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