NEW YORK – Global law firm Reed Smith advised Global Brands Group Holding Limited (“GBG”), a Hong Kong listed company (SEHK Stock Code: 787) in connection with its pending sale of GBG’s North American licensing business to Differential Brands Group Inc. (NASDAQ:DFBG), a portfolio of global consumer brands, for a purchase price of $1.38 billion. The transaction comprises of licensed brands such as Disney, Star Wars, Calvin Klein, Under Armour, Tommy Hilfiger, Joe’s Jeans, Buffalo David Bitton, Frye, Michael Kors, Cole Haan and Kenneth Cole.
The transaction is expected to close in the third quarter of 2018, subject to satisfaction or waiver of customary closing conditions and other regulatory approvals.
The Reed Smith team was led by corporate partner Sahra Dalfen, real estate partner Jody Saltzman, corporate associates Joy Zhang and Sophie Ha, and real estate associate Crystal Persaud, all based in New York.
A copy of the press release announcing this transaction can be found here.