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BDO Law assisted DEICHMANN, Europe’s largest footwear retail company, to attract EUR 500 000 for business financing

27 July 2020

The DEICHMANN brand represents the largest European footwear retailer with more than 4200 shoe stores in 30 countries across the Europe. The company entered the Latvian market relatively recently, opening the first Latvian store in the Akropole shopping center, which is also the company's largest store in the Baltic States.

The DEICHMANN group’s history dates back to 1913, and nowadays the company continues to expand their market by investing EUR 285 000 000 in 2019, thus opening new stores and improving already existing stores.

BDO Law advised DEICHMANN on various legal issues in attracting EUR 500 000 for business financing by increasing share capital of a Latvian subsidiary company which currently reaches EUR 1 150 000. Our lawyers also provided assistance and support for the client during the development of the necessary documentation.