Newsroom / LGP advises Luna Trade on acquisition of Pierre Lang

LGP advises Luna Trade on acquisition of Pierre Lang

LGP advises Luna Trade on acquisition of Pierre Lang

The Austrian jewellery company Luna relies on the corporate and M&A team of LANSKY, GANZGER + partner for the purchase of the insolvent Viennese fashion jewellery manufacturer Pierre Lang.

Managing Partner Ronald Frankl acted as lead counsel.

Vienna/Bludesch, April 2017 - Luna Trading, based in Bludesch (district of Bludenz), acquires the jewelry company Pierre Lang from Vienna as part of an asset deal. The takeover is about to be approved. According to the new owner, the traditional Viennese company - which recently made the headlines due to its insolvency - is to be completely restructured, and the "Pierre Lang" brand will also be retained. With Luna Trading, we have found a buyer who is also experienced in the direct sale of jewellery. The parties have agreed not to disclose the purchase price. Ronald Frankl, Managing Partner and Head of Corporate and M&A at LANSKY, GANZGER + partner (LGP) was in charge of the transaction. Nicolas Stieger, lawyer in cooperation with LGP, and Daniel Kocab, lawyer at LGP. Andreas Bauer - he heads the practice for public commercial law at LGP - advised on public law issues. Ronald Frankl on the takeover of Pierre Lang by Luna Trade: "The transaction, which was successfully completed under great time pressure, follows a long road of restructuring. I share this assessment by Sabine Berlinger, Managing Director of Luna Trade. Nevertheless, the future of a traditional Viennese company is secured for the time being. We are delighted to have been able to make a contribution to the continued existence of Pierre Lang alongside a long-standing client of our new partner Nicolas Stieger. After all, the takeover of Pierre Lang by Luna Trade has secured a number of jobs, and the quota prospects for creditors will also improve."