MUNICH, September 15, 2014 – Milbank, Tweed, Hadley & McCloy LLP advised C+S Botschen GmbH and its co-shareholder, Acton Capital Partners, on the sale of all shares in mytheresa.com GmbH as well as Theresa Warenvertrieb GmbH.
The e-commerce-shop mytheresa.com and the Munich luxury fashion store THERESA will be acquired by Neiman Marcus Group, a US retail store chain founded in 1907 in Dallas, Texas. Neiman Marcus operates a number of department stores in the US, including Bergdorf Goodman. The Milbank team, led by corporate partner Peter Nussbaum, advised from the legal side on M&A, tax structuring and merger control aspects of the transaction.
Based in Munich, mytheresa.com was founded in 2006 in order to expand the reach of the THERESA store. THERESA has long been established as the premier luxury multi-brand fashion store in Munich since its founding in 1987. The companies’ revenues are approximately $130 million annually. From its base in Munich, mytheresa.com ships over 170 luxury brands to over 120 countries globally.
The transaction is subject to approval by the cartel authorities. The transaction volume is confidential.
Advisor to C+S Botschen GmbH, Acton Capital Partners: Milbank, Tweed Hadley & McCloy LLP
The Milbank team included partners: Peter Nussbaum (lead, Corporate/M&A, Munich), Peter Memminger (Corporate/M&A, Frankfurt), Rolf Füger (Tax, Munich) and Alexander Rinne (Competition, Munich)
Associates: Benjamin Leuchten, Dennis Seifarth (both Corporate/M&A, Munich), Matthias Schell (Tax, Munich) and Andreas Boos (Competition, Munich)
About Milbank
Milbank, Tweed, Hadley & McCloy is a leading international law firm that has been providing innovative legal solutions to clients throughout the world for more than 145 years. Milbank is headquartered in New York and has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Singapore, Tokyo and Washington, DC.
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