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CMS Hasche Sigle advises Douglas Holding on sale of Pohland

18/09/2007

Douglas Holding AG has sold its interest in Pohland-Herrenkleidung GmbH & Co. KG to listed company Aurelius AG, registered in Munich. CMS Hasche Sigle advised Douglas on all aspects of this transaction. Lead partner was Dr Oliver Wolfgramm from our Frankfurt office.

Following the sale of Pohland the Douglas Group will now concentrate its fashion activities on women's fashion specialist Appelrath-Cüpper, which currently operates at 15 locations. Menswear specialist Pohland has been in the Douglas group since 1995. In the financial year 2005/06 Pohland generated a turnover of approx. 53 million euros.

Aurelius, which has been operating in the textile sector since the Quelle France takeover, has taken on the 11 Pohland-locations and the complete workforce of 468. There is no plan to change the company name. Aurelius intends to continue the restructuring measures introduced by the Douglas Group and to continue in line with Pohland's current market positioning.


Adviser to Douglas Holding AG
CMS Hasche Sigle

Dr Oliver C. Wolfgramm (Corporate, M&A)
Dr Karsten Hilmer (Corporate, M&A)
Dr Markus Rasner (Corporate, M&A)


Contact CMS Hasche Sigle:

Dr Oliver C. Wolfgramm
Tel.: +49 (0) 69 / 71 70 1-253
E-mail: [email protected]

About CMS Hasche Sigle:

CMS Hasche Sigle is one of the leading German law firms with more than 500 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Shanghai.

CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com

CMS Hasche Sigle is a member of CMS, an alliance of leading independent European law firms. With over 595 partners, a total of 2,000 lawyers and tax consultants and around 4,200 support staff we advise our clients at commercial locations in 48 business centres in Europe and further afield on legal and tax issues.

In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 58 offices in 25 countries around the world.

For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see http://www.cmslegal.com.