Framode GmbH’s Protective Shielding Procedures

Osborne Clarke has advised Framode GmbH on the transaction.

Under the protective shielding procedure, which was filed last week, Osborne Clarke is fully advising the management on all legal aspects of the restructuring.

Pimkie was founded in France in 1971 and is owned by the Mulliez family. Since 1988, Pimkie has operated in Germany as Framode GmbH and generated a turnover of almost EUR 50 million in 2019 with 75 stores and 350 employees. By means of the protective shielding process, the company intends to further expand its online presence, while preserving as many locations and jobs as possible.

The Osborne Clarke team, led by Philip Meichssner (Picture) Munich, Corporate/Real estate) and Katrin Schröder (Cologne, Insolvency), includes Matthias Elser (Munich, Corporate), Dr David Plitt (Hamburg, Employment), Florian Merkle (Cologne, Tax), Christoph Boeminghaus (Cologne) and Dr Thomas Grünvogel (Munich, both Distribution).

Involved fees earner: Christoph Boeminghaus – Osborne Clarke; Matthias Elser – Osborne Clarke; Thomas Grünvogel – Osborne Clarke; Philip Meichssner – Osborne Clarke; Florian Merkle – Osborne Clarke; David Plitt – Osborne Clarke; Katrin Schröder – Osborne Clarke;

Law Firms: Osborne Clarke;

Clients: Framode GmbH;