Osborne Clarke has advised Framode GmbH, the German subsidiary of the French fashion retailer Pimkie, based in Willstätt. Under the protective shielding procedure, which was filed last week, Osborne Clarke is fully advising the management on all legal aspects of the restructuring.
The Osborne Clarke team, led by Philip Meichssner (Munich, Corporate/Real estate) and Katrin Schröder (Cologne, Insolvency), includes Matthias Elser (Munich, Corporate), Dr David Plitt (Hamburg, Employment), Florian Merkle (Cologne, Tax), Christoph Boeminghaus (Cologne) and Dr Thomas Grünvogel (Munich, both Distribution).
Pimkie was founded in France in 1971 and is owned by the Mulliez family. Since 1988, Pimkie has operated in Germany as Framode GmbH and generated a turnover of almost EUR 50 million in 2019 with 75 stores and 350 employees. By means of the protective shielding process, the company intends to further expand its online presence, while preserving as many locations and jobs as possible.
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Osborne Clarke is an international legal practice with over 1,800 employees at 26 locations worldwide, including 150 lawyers in Berlin, Hamburg, Cologne and Munich. With the claim “Helping you succeed in tomorrow’s world”, extensive industry knowledge through networking and outstanding expertise in the digital transformation of business models, Osborne Clarke advises and represents companies and entrepreneurs in all practical business law issues – excellent, inspiring and appreciative, both externally and internally.