Login
Clutz takes lead role on $42 million Myer deal
Clayton Utz has announced it is working alongside Myer Holdings Limited on its acquisition, announced this week, of a 65 per cent stake in sass & bide, one of Australia's best known fashion…
Lawyers Weekly
Clayton Utz has announced it is working alongside Myer Holdings Limited on its acquisition, announced this week, of a 65 per cent stake in sass & bide, one of Australia's best known fashion labels, worth $42.25 million.
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Melbourne corporate partner Brendan Groves led the Clayton Utz team advising on the deal, which gives Myer exclusive department store rights to distribute the sass & bide brand.
Other Clayton Utz team members included John Brewster, Sachi Haga, Sue Williamson and Ada Lam.
The sass & bide acquisition is the first for Myer since listing on the ASX last year and is expected to be completed in April.
"The acquisition of a stake in sass & bide is an exciting step for Myer and reflects its focus on strategic growth," said Groves. "We're proud to have been part of such an iconic deal."
Arnold Bloch Liebler acted for sass & bide.
