Superdry to sell South Asia IP assets to JV with Reliance Brands for £40 mn - The Hindu BusinessLine

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 South Asian IP assets to Reliance for $48

Reliance Retail - Recent News & Activity

Superdry sells south Asian intellectual property in deal with

Gurleen Saraon on LinkedIn: #quickcommerce

Docs, PDF, Economic Globalization

Reliance Annual Repo PDF, PDF, Oil Refinery

Reliance Brands forges partnership with 'urban cool' fashion brand

Share Market Highlights 04 Oct 2023: Sensex slides 286 pts; Nifty

UK's Superdry to sell S.Asia IP assets to India's Reliance Retail

UK's Superdry To Sell South Asia IP Assets To Reliance For 40 Mn