Heuking Kühn Lüer Wojtek advised Deutsche Raiffeisen-Warenzentrale GmbH (DRWZ) on the sale of sports and leisurewear manufacturer JOY sportswear GmbH.
The buyer is Bremen-headquartered C. Melchers GmbH & Co. KG, which operates more than 50 subsidiaries in 23 countries.
JOY sportswear GmbH, based in Ottensoos near Nuremberg, is a manufacturer of sports and leisure clothing for men and women. The products are sold in upmarket textile and sports stores at some 750 points of sale in Germany, Austria, Switzerland, and the Benelux countries. The medium-sized business has been cooperating with trading partners such as Breuninger, Engelhorn, Sport 2000, and Intersport for many years. JOY sportswear had been acquired by DRWZ in 2006.
Established in 1948, DRWZ is a member of the German Raiffeisen Association. With over 3,100 cooperatives, Raiffeisen, under the umbrella of the German Cooperative and Raiffeisen Association (DGRV), is one of the largest business organizations in Germany.
Heuking Kühn Lüer Wojtek advised Deutsche Raiffeisen-Warenzentrale GmbH with a team including Helge-Torsten Wöhlert (Picture – Corporate/M&A), Markus Rabe, (Lead Corporate Finance), Peter M. Schäffler (Tax), Astrid Wellhöner, (Employment), Verena Hoene, LL.M. (IP), Lutz Martin Keppeler (IT), Beatrice Stange, Michael Vetter (both Antitrust).
Involved fees earner: Helge-Torsten Wöhlert – Heuking Kühn Lüer Wojtek; Markus Rabe – Heuking Kühn Lüer Wojtek; Peter Schäffler – Heuking Kühn Lüer Wojtek; Astrid Wellhöner – Heuking Kühn Lüer Wojtek; Verena Hoene – Heuking Kühn Lüer Wojtek; Lutz Martin Keppeler – Heuking Kühn Lüer Wojtek; Beatrice Stange – Heuking Kühn Lüer Wojtek; Michael Vetter – Heuking Kühn Lüer Wojtek;
Law Firms: Heuking Kühn Lüer Wojtek;
Clients: Deutsche Raiffeisen-Warenzentrale GmbH;