Denmarks largest chain of department stores, Magasin du Nord, is sold to Peek & Cloppenburg group. Horten and Hengeler Mueller advised Peek & Cloppenburg in connection with the transaction.
TexPeek & Cloppenburg group with headquarters in Düsseldorf and Vienna has acquired the famous Danish department store chain Magasin du Nord. After the transaction Magasin du Nord will remain an independent company.
Peek & Cloppenburg is an international chain of retail clothing stores currently operating 141 stores in 15 European countries and founded in Germany.
Magasin du Nord is Denmark's largest chain of department stores founded in 1868 in Copenhagen and has seven stores in Copenhagen, Lyngby, Rødovre, Odense, Aalborg and Aarhus, as well as an online store.
Horten and Hengeler Mueller advised Peek & Cloppenburg in connection with the transaction.
Horten's transaction team was headed by Hans Christian Pape, Marie Funch Lind and Malene Høj Hansen.
Read more about the transaction:
Magasin har fået ny ejer: Solgt til familieejet tysk detailkoncern (article in Danish)
Debenhams' Magasin du Nord is sold to Peek & Cloppenburg