May 29, 2003
British discount retailer New Look Group plc announces plans to buy out the minority shareholders of its French value clothing unit Mim for $49 million in cash.
On May 29, British discount retailer New Look Group plc announced that it would buy out the minority shareholders of its French value clothing unit Mim (Willkie client) for $49 million in cash. The Mim chain, which targets women aged 15 to 30, comprises 171 stores in suburban commercial centers and smaller French towns where larger retailers have yet to establish a presence. New Look expects the purchase to facilitate its further expansion in France. The May 29 Daily Deal noted Willkie’s representation of Mim in the transaction. Partner Daniel Hurstel advised Mim on the deal.
