PRESS RELEASE
December 17, 2019
Read time: 3 min
Düsseldorf, December 17, 2019 – McDermott Will & Emery advises SIGNA Group on the acquisition of SportScheck and all its subsidiaries by Galeria Karstadt Kaufhof from Otto Group. The transaction is subject to the approval by the relevant antitrust authorities and the corporate bodies.
With the takeover, Galeria Karstadt Kaufhof will considerably strengthen its sports business as a growth area. By expanding its presence in German city centers and incorporating SportScheck e-Commerce it will become a leading omnichannel retailer for sports brands. 17 inner-city SportScheck stores attract around 10 million visitors each year; the company has also 2.4 million online customers and 85,000 participants in SportScheck events.
McDermott has advised SIGNA on various transactions since the complete acquisition of the Kaufhof stake from Hudson’s Bay Capital; most recently on the sale of a stake in ten Kaufhof department stores to Commerz Real.
The McDermott team was led by Matthias Kampshoff and Jan Hückel and included Christian Krohs, Sebastian von Lossow, Sandra Urban-Crell, Gregor Lamla, Claus Färber, Kian Tauser, Marcus Fischer and Heiko Kermer as well as associates Björn Biehl, Catharina Dickhäuser, Alexander Hoppe, Julian Schmitz, Anja Bertrand, Carina Kant, Max Küttner, and Colin Winterberg.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. With 20 locations on three continents, our team works seamlessly across practices, industries and geographies to deliver highly effective – and often unexpected – solutions that propel success. More than 1,100 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
