Allen & Overy LLP advised DIH Deutsche Industrie-Holding GmbH, Frankfurt am Main, in connection with the sale of Hagen-based SinnLeffers GmbH to Wöhrl, a Nuremberg-based fashion retailer group. The closing of the transaction is still subject to clearance by the German federal cartel office.

Until 2005, SinnLeffers had been a KarstadtQuelle group company. Following the acquisition and successful restructuring of the fashion retail chain by DIH Deutsche Industrie-Holding, SinnLeffers now operates a retail network with 22 branches located predominantly in Northern and Western Germany. According to SinnLeffers, its approximately 2,000 employees generate annual sales of well over EUR 300 million.

Wöhrl Group has 37 fashion stores (primarily in Bavaria and Eastern Germany) and approximately 2,000 employees.  According to the Wöhrl Group, sales amounted to EUR 346 million in the 2010/2011 financial year.

The Allen & Overy team comprised partner Dr. Michael J. Ulmer (transaction lead), senior associate Dr. Sandra Link, associate Mario Schollmeyer (all corporate/M&A) as well as partner Dr. Heike Weber (tax, all Frankfurt).

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