The Mission :
In the context of an exclusive sale instruction initiated on behalf of Group Omnium de Participations, the owner of the brands Eurodif, Bouchara, Devred & Burton, Draco Partners has studied the market capability to optimize the selling price of these exceptional retail premises of 2400 sq m including 1400 sq m of sales areas, benefiting from valid trade authorizations in the heart of this A plus location.
The Solution :
Draco Partners contacted the top 40 european and wordlwide retail leaders within the textile industry in order to submit them the acquisition of 100 % shares of the company which exploits the megastore, the agreement including the 47 staff involved within the store. A detailed data room was organized in order to manage every juridical, fiscal, staff and commercial issues regarding this company.
The Result :
Mango Group acquired late march 2007, to Group Omnium this subsidiary with its 47 staff members, for financial conditions which, combined with the rental value, correspond to the most important transaction of this kind ever achieved in central Paris at present.