CBR Fashion holding and the company's current owner EQT have announced to postpone the planned initial public offering of the company public offering due to the recent events relating to the econimic situation of Greece and its effects on broader financial markets.

"The necessary willingness to invest required for an IPO is not given in the current capital markets enviroment in light of the intensified crisis in Greece...", said Marcus Brennecke, Partner at EQT Partners.

The postponement of the IPO won't affect the business model and strategy of CBR as the company announced.