CMS advised French-headquartered shoe retailer Chaussea on its acquisition of 19 stores from well-known Belgian shoe retailer Brantano through a Luxembourg share deal (4 stores) in combination with a Belgian asset deal (15 stores).
Chaussea, a shoe retailer originally created in 1983 has only shortly been present on the Belgian market, yet it has since the beginning of 2016 opened four stores adding to the seven already existing Belgian stores. Through the acquisition of 15 Brantano-stores it is more than likely to become a key player on the Belgian retail market.
CMS was first instructed by Chaussea in connection with this deal in April 2016 and subsequently provided Chaussea with legal support throughout the various phases of the entire acquisition (due diligence, contract negotiation, acquisition and integration of businesses and staff, establishment of a new corporate structure, etc.).
The Luxembourg share deal was completed on 28 July 2016. The Belgian asset deal was fully completed early-2017.
The Belgian CMS team responsible for the operation consisted of Carl Leermakers, Virginie Frémat and Robin Mees as regards corporate matters and Sophie Berg and Marie-Cécile Kinif as regards labour law matters.
In Luxembourg, the CMS team consisted of Julien Leclère, Claude Feyereisen, Sylvain Elias and Jehan Dupont Danzel d’Aumont.