CORVEL advised ARCADIA on the sale of its investment stake in Liberty Fashion Holding GmbH ("Liberty").
ARCADIA has sold its stake to the investor Peter Wolf, who already held a minority stake.
Liberty has been active since 1976 as a stationary textile retailer for women's clothing from its headquarters in Lübbecke, North Rhine-Westphalia. With its products in the upper mid-price segment, the fashion chain serves the target group of women between 40 and 55 years of age with a focus on casual fashion. With its more than 500 employees in around 114 own shops as well as the online store, it currently exclusively serves the German market.
After the transaction, Liberty's business model is to be further developed into an omni-channel player with the further expansion of the online business, but also of the stationary trade.
Advisors ARCADIA Beteiligungen
CORVEL (Hamburg): Dr. Felix Brammer (lead), Dr. Philipp Jacobi, Tobias Brandenburg (alle Corporate)
Hamburg, 21 February 2022