Beiersdorf / La Prairie acquires real estate assets of Clinique La Prairie
On 28 February 2024, Beiersdorf AG, the German listed parent behind the luxury brand La Prairie, signed an agreement to acquire the real estate assets of Clinique La Prairie in Montreux, Switzerland, a global leader in longevity. The real estate assets comprise several compounds across more than 23'000m2. The acquisition will reunite the luxury skincare house La Prairie with its historical birthplace. The transaction is subject to the customary closing conditions and is expected to be completed later this year.
Lenz & Staehelin is advising Beiersdorf and its luxury brand La Prairie in this transaction. The team is led by Beat Kühni (M&A and Real Estate) and includes Nick Mezger (M&A), Stephan Brandner, Lukas Aebi (both Tax), Nathalie Adank, Cécile Christen and Lisa Söll (all Real Estate).