JACK WOLFSKIN Performance Difficult To Level Two Market Loans Fell 9-13%

It is reported that since the past month (November),

The performance of Germany's outdoor brand JACK WOLFSKIN in Europe's two tier market dropped sharply by 9-13 percentage points.

Tracking data showed that Jack Wolfskin's B Euro loan (syndicated loan) fell 9 percentage points in one month, down from 99 in November 7th to 90.1 in December 8th, and the lien loan in pactions decreased by 13 percentage points to 84.3.

To this end, last week, Jack Wolfskin's holder, Blackstone, held consultations with investors on its current performance.

The warm weather in October greatly reduced consumer demand for coats and warm clothing, and sales of Jack Wolfskin were also greatly affected.

In 2011, Jack Wolfskin, the largest outdoor in Germany.

The company was sold to Barclays Capital and Quadriga capital at the price of 700 million euros to the world's largest private group Blackstone, 485 million of which was a loan.

Blackstone bought Jack Wolfskin after its intention to further expand its overseas market. However, in recent years, Europe's overall economic downturn and fierce competition led to a marked decline in Jack Wolfskin in Germany, Austria and other local markets, and sales reached 351 million euros in 2012, while sales in 2013 further declined by 7.9 percentage points to 324 million euros.

Noun explanation: two level market (Secondary Markets)

Secondary security market (two level market) is negotiable securities.

A place and a circulation market are places where negotiable securities are issued for sale and purchase.

The two level market is a capital market that enables the sale and purchase of public securities issued or privately issued.

In other words, the two tier market is the trading market of any old financial commodity, which can provide liquidity for the initial investors of financial products.

Financial products can be stocks, bonds, mortgages, life insurance and so on.

The sales of securities in the two tier market belong to the investors who sell the securities, but not the companies that issue the securities.

The two tier market is to provide liquidity for securities.

The liquidity of securities can be maintained so that securities holders can sell securities at any time and realizable.

(if a securities holder can not realise his own securities at any time, he will cause no one to buy securities.

It is precisely because of the realization of the realization of securities, so the two tier market can also be priced for securities, to show the securities holders of the market price of securities.