Event Publicly Available Information:
Joyou a subsidiary within the Grohe Group has announced it will file for insolvency. Does this trigger a credit event (Failure to Pay or Bankruptcy, etc) at the Grohe Reference Entity? Group revenue in 2014 was €1.58 billion (of which Grohe revenue is €1.182 billion and Joyou is €398.1 million) See Joyou and Grohe websites for financial information.
Press Release
Bloomberg article