Heuking advises shareholders of Supremo Shoes & Boots on sale of 51% stake to Deichmann
February, 2023 - Germany
A team composed of lawyers from several offices, led by Stuttgart-based Partner Dr. Peter Ladwig, comprehensively advised the shareholders of Supremo Shoes & Boots GmbH, including its managing shareholder Walter J. Weichhart, on the sale of 51% of their shares to Fasbra SE, a subsidiary of Deichmann SE, and accompanied the transaction. Heuking Kühn Lüer Wojtek’s advice included accompanying the due diligence process as well as drafting and negotiating all agreements as part of the transaction.
Pirmasens-based Supremo Shoes & Boots GmbH, established in 1997, is a European-wide shoe manufacturer. Jointly with Hong Kong-based Supremo Oriental Ltd., more than eight and a half million pairs of shoes are sold annually. Since 2013, Supremo has also been the sole and exclusive licensee of the Tom Tailor and Tom Tailor Denim brands in the shoe segment.
Deichmann SE, established in Essen in 1913, is the market leader in the European shoe retail sector. Together with its group companies, it employs over 42,000 people and operates more than 4,300 stores and 40 online stores.
Counsel to shareholders of Supremo Shoes & Boots GmbH
Heuking Kühn Lüer Wojtek:
Dr. Peter Ladwig (Lead),
Dr. Alexander Schott (both Corporate/M&A), both Stuttgart
Fabian G. Gaffron (Tax), Hamburg
