This website uses cookies so that we can provide you with the best user experience possible. Our Cookie Notice is part of our Privacy Policy and explains in detail how and why we use cookies. To take full advantage of our website, we recommend that you click on “Accept All”. You can change these settings at any time via the button “Update Cookie Preferences” in our Cookie Notice.
Technical cookies are required for the site to function properly, to be legally compliant and secure. Session cookies only last for the duration of your visit and are deleted from your device when you close your internet browser. Persistent cookies, however, remain and continue functioning on repeat visits.
CMS does not use any cookie based Analytics or tracking on our websites; see details here.
Personalisation cookies collect information about your website browsing habits and offer you a personalised user experience based on past visits, your location or browser settings. They also allow you to log in to personalised areas and to access third party tools that may be embedded in our website. Some functionality will not work if you don’t accept these cookies.
16/04/2019
Berlin – Ludwig Beck am Rathauseck - Textilhaus Feldmeier AG (“LUDWIG BECK”) signed a purchase agreement on 15 April 2019 under which all the shares in THEO WORMLAND GmbH & Co. KG (“WORMLAND”) are being sold indirectly to WL Erwerbs GmbH in a management buy-out. WL Erwerbs GmbH is wholly owned by three WORMLAND managers. For LUDWIG BECK, the sale provides a stable basis for the ongoing restructuring of WORMLAND.
A CMS team headed by partner Dr Eva Annett Grigoleit advised LUDWIG BECK on all legal aspects of the transaction. Offers were received from several interested parties. LUDWIG BECK is a longstanding CMS client. The law firm previously advised the company on the acquisition of WORMLAND in 2015.
Munich-based LUDWIG BECK describes itself as one of Germany’s top fashion retail companies. In 2018, it generated gross sales of EUR 95.5 million with 455 employees and a total sales area of around 12,400 square metres, plus an online presence.
THEO WORMLAND GmbH & Co. KG is headquartered in Hanover. It specialises in men’s fashion and according to its own figures achieved sales of EUR 70.5 million in 2018 with 414 employees and a total sales area of some 16,200 square metres.
Dr Eva Annett Grigoleit, Lead Partner
Dr Igor Stenzel, Lead Partner
Vera Wahl, Associate, all Corporate / M&A
Dr Karsten Heider, Lead Partner
Maximilian Schneider, Senior Associate, both Stock Corporation Law and Capital Markets
Dr Jens Moraht, Partner
Anne Neumann, Senior Legal Consultant, both Banking & Finance
Niklas Lütcke, Partner, Restructuring
Press Contact
[email protected]
Social Media cookies collect information about you sharing information from our website via social media tools, or analytics to understand your browsing between social media tools or our Social Media campaigns and our own websites. We do this to optimise the mix of channels to provide you with our content. Details concerning the tools in use are in our privacy policy.