Vinge has advised RNB Retail and Brands AB (publ) (”RNB”) in connection with the sale of the operations of NK in Stockholm and NK in Gothenburg to Åhléns AB.
RNB’s operations at NK Stockholm and NK Gothenburg include distribution of nationally and internationally renowned brands within clothing, confectionery, accessories, jewellery and cosmetics. The operations in Stockholm comprise approximately 7000 square metres divided between 32 stores and, in Gothenburg, by approximately 5000 square metres divided between 20 stores.
The transaction will formally occur through the transfer of all shares in RNB’s wholly-owned subsidiary, Departments & Stores Europe AB. The sale of RNB is subject to the approval of the Swedish Competition Authority and the approval of the sale at RNB’s extraordinary general meeting.
Vinge’s team included partners Malin Leffler and Ola Sandersson and associates Jonas Bergström, Dain Nevonen, Charlotta Järnstedt and Joacim Rydergård