Superdry to sell South Asia IP assets to JV with Reliance Brands
By A Mystery Man Writer
Description
Superdry plc, a UK branded clothing company, has signed an IP JV with Reliance Brands Holding UK (RBUK) to sell its IP assets in India, Sri Lanka, and Bangladesh for £40 million. Superdry will receive £30.4 million cash, net of fees and taxes, and own 24% of the JV. Reliance Brands will manage the brand operations in the three countries and continue its partnership with Superdry. Superdry will use the proceeds to strengthen its balance sheet and fund its turnaround plan.
UK's Superdry to sell S Asia IP assets to Reliance Retail for $48 million
Superdry to sell South Asia IP assets to JV with Reliance Brands
Superdry, Reliance Brands sign IP joint venture agreement
Reliance Brands to acquire majority stake in Superdry IP for Indian territory
Reliance Brands buys majority rights of Superdry IP for Indian territory
Reliance Retail Buys Superdry's South Asian IP Assets For £40 million
Superdry signs $50m IP licensing agreement in Asia
UK based fashion retailer sells its south Asia intellectual property assets to Reliance
UK's Superdry to sell S.Asia IP assets to India's Reliance Retail for $48 mln, ET Retail
Superdry sells South Asia IP to Reliance Brands for £40m
Vaishali Sharma on LinkedIn: Superdry to sell South Asia IP assets
Reliance Brands joins hands with Superdry with intellectual property agreement
from
per adult (price varies by group size)