Plesner advises on the sale of Magasin
Plesner assisted as legal adviser to Department Stores Realisations Limited (in administration) ("Debenhams") with the sale of Aktieselskabet Th. Wessel & Vett. Magasin du Nord ("Magasin") to German fashion retailer Peek & Cloppenburg.
Founded in 1868 in Aarhus, Magasin is one of the most well-known brands in Denmark and has seven well positioned department stores situated in Copenhagen, Lyngby, Rødovre, Odense, Aarhus and Aalborg, including the iconic building at Kgs. Nytorv.
Magasin focus on high brand awareness within fashion, beauty, and lifestyle.
Peek & Cloppenburg is an international retail chain of clothing stores with headquarters in Germany. The Peek & Cloppenburg group is operating approximately 140 stores across 15 countries as well as various international online stores.
Plesner is proud to have assisted Debenhams in the transaction with a team consisting of Thomas Holst Laursen, Morten Stig Ottesen, Frederik Jastrup Brodersen and Louise Lund.
Plesner would like to thank the Debenhams and Magasin teams for a great opportunity and process and wish Magasin a good journey with the new owner.