It has just been known that Armin Weger moved from Mannheim fashion dealer Engelhorn to Graz and becomes the board of the Schuh branchist Leder & Schuh AG (Humanic, Shoe4you). Now there is also a change at the level of shareholders. As the Austrian medium of “The Standard” reports, British investor Alchemy could start and purchase 49% of the shares in Leder & Schuh AG (LSAG). According to the report, shares of LSAG have been pledged to Alchemy for years. A financing agreement applies until November 2025. According to the media report, it is now possible that Alchemy is exchanging debt against capital participation. A corresponding application should be available to the Austrian Federal Competition Authority. According to this, an investment holding company, which is controlled by Alchemy Partners GP Limited, is to plan 49% of the shares and joint control over the shoe branchist. The previous owner, the MRHG Holding, would keep 51% of the shares.
According to “Der Standard”, the plan is said to have been approved in an extraordinary general meeting at the end of March. In the context, a change in the Supervisory Board of Leder & Schuh AG also fits: The new vice chairman of the body, Matthias Gradischnig, is said to have been working for Alchemy for years.
Investor before entering LSAG?
