27 Oct. 2009

GERMANY’S CBR ANNOUNCES CHANGES IN MANAGEMENT

CBR Fashion Holding (CBR) has announced changes within its management. CEO Hugo Reissner will leave the company but stay on as a consultant; Dr. Peter Grafoner will take over leadership of operations. Additionally, Michael Stoll has a new position. The former Head of Marketing for CBR brand Street One is the new brand spokesperson for Street One. He succeeds Thomas Rux who is also leaving the company.

CBR Fashion Holding, which is based in Germany and was founded in 1980, owns the fashion brands Street One, Cecil and One Touch. All in all, the company has 8,900 points of sale across Europe and in 2008 reported a turnover of €750 million.

—Melanie Gropler

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