Ad-hoc | 8 June 2004 08:30

Wolford takes over some of the Palmers’ boutiques

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Wolford takes over some of the Palmers’ boutiques With immediate effect, Wolford AG is taking over nine of the Wolford sites in Austria previously managed by Palmers including three boutiques in Vienna as well as the flagship stores at Schwechat Airport and Kranzlmarkt in Salzburg. Control of the entire value-added chain for these new sites from production via distribution through to product placement at the point of sale will thereby also pass to Wolford. Overall Wolford thus controls 20 boutique/factory outlets/shop-in-shop in Austria. All employees affected by the change of ownership will be taken on by Wolford AG. Two further Wolford boutiques will continue to be run by other partners. Palmers will retain eleven Wolford sites. end of ad-hoc-announcement (c)DGAP 08.06.2004 ——————————————————————————– WKN: 083400; ISIN: AT0000834007; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin-Bremen, Frankfurt, Hamburg, München und Stuttgart 080830 Jun 04