A team led by Munich-based partners Dr. Helge-Torsten Wöhlert and Dr. Markus Rabe advised Deutsche Raiffeisen-Warenzentrale GmbH (DRWZ) on the sale of sports and leisurewear manufacturer JOY sportswear GmbH. The buyer is Bremen-headquartered C. Melchers GmbH & Co. KG, which operates more than 50 subsidiaries in 23 countries.
JOY sportswear GmbH, based in Ottensoos near Nuremberg, is a manufacturer of sports and leisure clothing for men and women. The products are sold in upmarket textile and sports stores at some 750 points of sale in Germany, Austria, Switzerland, and the Benelux countries. The medium-sized business has been cooperating with trading partners such as Breuninger, Engelhorn, Sport 2000, and Intersport for many years. JOY sportswear had been acquired by DRWZ in 2006.
Established in 1948, DRWZ is a member of the German Raiffeisen Association. With over 3,100 cooperatives, Raiffeisen, under the umbrella of the German Cooperative and Raiffeisen Association (DGRV), is one of the largest business organizations in Germany.
Counsel to Deutsche Raiffeisen-Warenzentrale GmbH
Heuking Kühn Lüer Wojtek:
Dr. Helge-Torsten Wöhlert (Lead Corporate/M&A)
Dr. Markus Rabe, LL.M. (Lead Corporate Finance)
Peter M. Schäffler (Tax), Astrid Wellhöner, LL.M. Eur. (Employment), all Munich
Dr. Verena Hoene, LL.M. (IP), Dr. Lutz Martin Keppeler (IT), both Cologne
Beatrice Stange, LL.M., Michael Vetter, LL.M. (both Antitrust), both Düsseldorf