Signa and Centrale’s Acquisition of Magazine zum Globus

McDermott advised Signa Group on the deal, while Bär & Karrer acted as legal advisor to Migros-Genossenschafts-Bund (MGB) in this transaction.

The Austrian SIGNA Group together with the Thai Harng Central Department Store Group/Central Retail Corporation has agreed to take over the Swiss Magazine zum Globus AG in a newly founded joint venture from Migros-Genossenschafts-Bund. The acquisition also included a portfolio of Globus properties in several cities in Switzerland.

Magazine zum Globus AG is the largest department store chain in Switzerland with 50 stores and a turnover of 763 million Swiss francs in 2019.

SIGNA and Central already have a joint venture in The KaDeWe Group with luxury department stores in Berlin (KaDeWe), Hamburg (Alsterhaus) and Munich (Oberpollinger), and soon also in Düsseldorf and Vienna. Central is active in Europe near Rinascente, Italy, and Illum in Copenhagen, Denmark.

The McDermott was led by Philipp Grenzebach (Picture) and included Jens Ortmanns, Gregor Lamla, Matthias Kampshoff, Christian Krohs, David Henry, Lisa-Marie Flecke, Sakai Shabo, Max Küttner, and Carina Kant.

Bär & Karrer acted as legal advisor to Migros-Genossenschafts-Bund (MGB) in this transaction with a team included Christoph Neeracher, Thomas Rohde, Raphael Annasohn, Raphael Egger, Yves Suter, Isabelle Stalder and Sandro Orefice (all M&A), Corrado Rampini and Charles Gschwind (both Real Estate), Markus Wang (IP/IT), Christoph Suter (Tax), Mani Reinert (Competition) as well as Ralph Malacrida and Faton Aliu (both Financing). Wenger & Vieli acted as legal advisor to both buyers in this transaction.

Involved fees earner: Faton Aliu – Bär & Karrer; Raphael Annasohn – Bär & Karrer; Raphael Egger – Bär & Karrer; Charles Gschwind – Bär & Karrer; Ralph Malacrida – Bär & Karrer; Christoph Neeracher – Bär & Karrer; Sandro Orefice – Bär & Karrer; Corrado Rampini – Bär & Karrer; Mani Reinert – Bär & Karrer; Thomas Rohde – Bär & Karrer; Isabelle Stalder – Bär & Karrer; Yves Suter – Bär & Karrer; Christoph Suter – Bär & Karrer; Markus Wang – Bär & Karrer; Lisa Marie Flecke – McDermott Will & Emery; Philipp Grenzebach – McDermott Will & Emery; David Henry – McDermott Will & Emery; Matthias Kampshoff – McDermott Will & Emery; Carina Kant – McDermott Will & Emery; Christian Krohs – McDermott Will & Emery; Max Küttner – McDermott Will & Emery; Gregor Lamla – McDermott Will & Emery; Jens Ortmanns – McDermott Will & Emery; Sakai Shabo – McDermott Will & Emery;

Law Firms: Bär & Karrer; McDermott Will & Emery;

Clients: Migros; SIGNA Group;

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