Neiman Marcus Group LTD LLC announced that it has signed an agreement to acquire mytheresa.com, one of the world’s leading online retailers for luxury fashion, from Christoph and Susanne Botschen and Acton Capital Partners. In addition, Neiman Marcus will also be acquiring the THERESA flagship luxury fashion store in Munich from the Botschen family. The transaction is expected to close later this year, subject to regulatory approvals and other customary closing conditions.
Based in Munich, mytheresa.com was founded in 2006 as a way to expand the reach of the THERESA store in Munich and today ships to over 120 countries globally. The companies‘ revenues are approximately USD 130 m annually.
Hengeler Mueller is advising Neiman Marcus on the transaction. The Hengeler Mueller team is led by partners Bernd Wirbel and Maximilian Schiessl (both Corporate/M&A) and includes partners Thorsten Mäger (Competition) (all Düsseldorf) and Martin Klein (Tax, Frankfurt) as well as counsel Andrea Schlaffge (IP/IT, Düsseldorf) and associates Frederik Gärtner (Corporate/M&A), Martin Mohr (Tax) (both Frankfurt), Stefanie Budde, Anja Balitzki (both Competition), Vicki Treibmann (Labour), Astrid Harmsen, Patrick H. Wilkening (all IP/IT), Vera Jungkind and Alla Drößler (both Regulatory/Data Protection) (all Düsseldorf).
Hengeler Mueller is advising Neiman Marcus on this mandate in an integrated team together with Proskauer Rose LLP (Los Angeles).
