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CMS Hasche Sigle advises LUDWIG BECK AG on acquisition of WORMLAND

12/05/2015

Berlin – LUDWIG BECK AG has acquired WORMLAND Unternehmensverwaltung GmbH through a wholly owned subsidiary. Both sides have agreed to keep the purchase price confidential. WORMLAND Unternehmensverwaltung GmbH operates fifteen retail stores and an online shop in the textile sector in Germany through Theo Wormland GmbH & Co. KG. WORMLAND is specialized in men's fashion and has a great expertise and high reputation in this market segment, which leads to a strong market position.

A team of lawyers of the Berlin office of CMS Hasche Sigle headed by Dr Annett Grigoleit and Dr Igor Stenzel has advised LUDWIG BECK AG on all legal aspects during the due diligence and the acquisition, including the repayment of existing debts. "For LUDWIG BECK the take-over of WORMLAND is of major strategic significance and underlines the importance of the stationary retail business especially in the menswear segment", Dr Annett Grigoleit, partner with CMS Hasche Sigle, said.

Up until now, LUDWIG BECK first and foremost has been specialized in ladies' fashion in the premium segment and products outside the textile sector, such as cosmetics and sound carriers. After having set a first milestone in also becoming one of the first choices for men's fashion by last year's opening of a new men's fashion department, LUDWIG BECK with the acquisition of WORMLAND further strengthens its position in this market segment.

CMS has been permanent adviser to Ludwig Beck for many years. Most recently CMS Hasche Sigle advised Ludwig Beck on the take-over of the real estate company holding the Beck premises at Marienplatz in Munich.

CMS Hasche Sigle

Dr Eva Annett Grigoleit, lead partner
Dr Igor Stenzel, both lead
Steffen König
Patrick Lühr, all both Corporate/M&A
Dr Stefan Lehr, Competition
Dr Jens Moraht
Axel Dippmann, both Finance
Dr Andreas Otto
Dr Markus Vogt
Franziska Krokutsch, all Real Estate
Dr Marion Bernhardt
Dr Tanja Hiebert, both Employment
Sylle Schreyer-Bestmann, Trademarks
Dr Karten Heider, Capital Markets

Press Contact
presse@cms-hs.com

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CMS Hasche Sigle advises LUDWIG BECK AG on acquisition of WORMLAND

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