The Orion advised JSC Stockmann on the acquisition of the Russian subsidiary of Hugo Boss. The renowned German clothing manufacturer announced the closure of the majority of stores in Russia in 2022, with 7 of the 19 locations currently remaining open. With legal support from Orion, the deal will enable JSC Stockmann to enhance its offerings of premium apparel, footwear and accessories. The opening of all the Hugo Boss stores is planned for August–September of 2024.

Our team conducted due diligence on the company, took part in drafting transaction documents and the negotiations, and also provided support at signing and closing.

Transaction support was handled by the Orion Corporate team: Partner Grigory Gadzhiev, Senior Associate Maria Ziborova, Associate Artyom Asoyan, Associate Kirill Lazarenko and Paralegal Daniil Gerk. The team has extensive experience in advising on mergers and acquisitions, entry into new markets, establishing joint ventures and modifying the terms of business for joint venture partners, as well as corporate restructurings, regulatory issues and commercial contracts.