Gleiss Lutz has assisted Takko Fashion in reaching an agreement with its shareholders, bondholders and banks on the financial restructuring and refinancing of the company. This will secure Takko Fashion's financing, substantially reduce liabilities by EUR 250 million and improve the company's capital structure.
The refinancing and sustainable strengthening of its capital structure will also make it possible to finance the further implementation of Takko Fashion's growth strategy. As part of the transaction, Takko Fashion's current bondholders will acquire a majority stake in the company.
Takko Fashion is one of the leading quality fashion discount chains in Europe, with almost 2,000 stores in 17 countries.
Takko Fashion is being advised by the following Gleiss Lutz team: Dr. Andreas Spahlinger (partner, Stuttgart), Dr. Christian Hàlasz (partner, Frankfurt) Friedrich Schlott (all lead, counsel, all Restructuring), Dr. Stefan Mayer (partner, Frankfurt), Dr. Johann Wagner (partner, Hamburg, both Tax), Dr. Florian Kienast, Bianca Buck (both Restructuring, both Stuttgart), Dr. Dominik Monz, Julian Kettemer (both Tax, both Frankfurt), Dr. Johannes Hertfelder (partner), Dr. Philipp Drixler (both Competition/Antitrust, both Stuttgart), Dr. Kai Birke (partner), Dr. Jan-Alexander Lange (counsel, both Finance, both Frankfurt).
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