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.
Vaishali Sharma on LinkedIn: Superdry to sell South Asia IP assets
Superdry To Sell Its South Asian IP Assets To Reliance Retail
UK's struggling fashion retailer Superdry to sell its IP assets to Mukesh Ambani's Reliance Retail
UK's Superdry to sell South Asia IP assets to Reliance for 40 mn pounds
Superdry shares jump as it seals £40m India joint venture
UK's Superdry to sell its South Asian IP to Reliance Retail for $48.27 million - BusinessToday
/newsdrum-in/media/media_files/BQ89J9aIjKHxmIhjt3Df.jpg)
UK's Superdry to sell South Asia IP assets to Reliance for Rs 400 crore
Superdry sells south Asian intellectual property in deal with India's Reliance
UK's Superdry to sell South Asia IP assets to Reliance for 40 million pounds - Industry News
UK firm Superdry's retail sales decline 13% in H1 FY24
