Noerr advises shareholders on new start of Klier Hair Group
A Noerr team led by Thomas Hoffmann has advised the shareholders of Klier Hair Group GmbH in the court reorganisation proceedings of Germany’s leading hairdressing company. With the majority of creditors having approved the insolvency plan, Klier Hair Group has taken the last important step in the proceedings.
Klier Hair Group is now set for a new start and a prosperous future. Upon expiry of the usual period, Klier Hair Group is expected to end the debtor-in-possession proceedings at the end of April 2021. Around 850 salons and shops and 6,400 employees, i.e. the majority of the group’s branches and jobs, will be saved. In the coming years, Klier Hair Group will expand its salon network and make targeted investments in strong brands, new service offerings, personnel development and digitalisation.
Advisors to Klier family shareholders/Klier Holding GmbH: Noerr Partnerschaftsgesellschaft mbB
Dr Thomas Hoffmann (Berlin/Frankfurt, Insolvency, team lead), Dr Andrea Braun (Frankfurt, Insolvency), Eike Hofmann (Dresden, Insolvency), Fabian Krüger (Berlin, Tax)