German fashion group CBR's IPO price range set at 14-18 euros per share

June 22, 2015 5:15 PM

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FRANKFURT, June 22 German women's fashion group CBR, known for its Street One and Cecil brands, has set the price range for its initial public offering (IPO) at between 14 euros ($15.91) and 18 euros, the company said on Monday.

CBR plans to use some of the proceeds to further reduce its leverage, but also for investment in its e-commerce business and CBR-owned retail outlets.

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