Rödl & Partner advises LLOYD Shoes GmbH on the acquisition of a chain of Concept Stores in the Baltics

Vilnius/Riga/Tallinn: September 2021: Rödl & Partner Baltics successfully closed the acquisition of seven LLOYD Concept Stores in the three Baltic states from their local dealer SIA “Euroskor Latvija.”

  
An international team of Rödl & Partner advisors in Latvia, Lithuania and Estonia provided advisory services in all related legal, tax and financial matters, including the set-up and implementation of the acquisition structure. The team also drafted the complete transaction documentation for the related asset acquisitions in all three countries.

Tobias Kohler, Partner, led the team of Rödl & Partner experts and coordinated the legal, tax and financial services and provided negotiation support, from the signing of the contract to the closing of the transaction. The acquisition was completed in August 2021.

Both parties agreed to not disclose the purchase price.

About LLOYD Shoes GmbH

LLOYD was founded in 1888 in Bremen and has been headquartered in Sulingen, Germany since 1942. The company has a share of exports amounting to approx. 30 percent in 48 countries. It has 13 subsidiaries and 1,501 employees (408 in Germany) and trains 28 young apprentices. The company’s premium shoes are sold at roughly 2,800 sales points (1,900 in Germany, 900 worldwide), in 30 concept stores and 11 factory outlets.

Advisers LLOYD Shoes GmbH

Rödl & Partner Baltics

Tobias Kohler, Partner (Corporate, M&A, Negotiations), Vilnius – Project Lead
 

Rödl & Partner Estonia

Alice Salumets, Partner (Corporate, M&A, Labour Law), Tallinn – Legal
 

Rödl & Partner Latvia

Inese Lazdupe, Partner (Corporate, M&A, Labour Law), Riga – Legal
 

Rödl & Partner Lithuania

Michael Manke, Associate Partner (Corporate, M&A), Vilnius – Legal
Eglė Pinaitė, Associate Partner (Labour Law), Vilnius – Legal
Nora Vitkūnienė, Associate Partner, Vilnius – Tax
Alexey Kosukho, Associate Partner, Vilnius  – Financial