Gleiss Lutz has advised Takko Fashion on the completion of its financial restructuring and capital reorganisation. Initially announced in April 2023, the transaction includes the transfer of the majority of the shares in the company to a group of bondholders.
With the relevant requirements now met, Takko Fashion has completed the transaction – considerably strengthening its capital structure and extending its financing term until 2026.
Takko Fashion is now better placed to further pursue its strategic priorities and expand its presence across Europe.
With nearly 2,000 stores in 17 countries, Takko Fashion is one of Europe's leading quality fashion discounters.
The following Gleiss Lutz team advised Takko Fashion: Dr. Andreas Spahlinger (partner, Stuttgart), Dr. Christian Halàsz (partner, Frankfurt), Friedrich Schlott (counsel, Düsseldorf) (all lead, all Restructuring), Dr. Stefan Mayer (partner, Frankfurt), Dr. Johann Wagner (partner, Hamburg) (both Tax), Dr. Florian Kienast, Bianca Buck (both Restructuring, both Stuttgart), Dr. Dominik Monz, Julian Kettemer (both Tax, both Frankfurt), Dr. Johannes Hertfelder (partner), Dr. Philipp Drixler (both Competition/Antitrust, both Stuttgart), Dr. Kai Birke (partner), Dr. Jan-Alexander Lange (counsel), Jana Pinto Escaleira, Natascha Krasucka-Schmid (all Finance, all Frankfurt), Dr. Julian Aicher (Corporate, Munich).