Aditya Birla Fashion and Retail Limited | Joint venture with Christian Louboutin SAS
Khaitan & Co advised Aditya Birla Fashion and Retail Limited in relation to a 50:50 joint venture with Christian Louboutin SAS to form CLI Footwear and Accessories Pvt Ltd, to distribute and sell Christian Louboutin’s luxury products in India.
This strategic collaboration allows Aditya Birla Fashion and Retail to expand its luxury brand portfolio and venture into the footwear market. By incorporating CLI Footwear and Accessories, Aditya Birla Fashion and Retail Limited intends to complement its existing fashion apparel range and cater to a broader customer base. This move is expected to strengthen its position in the competitive luxury market segment.
The core team consisted of Shourya Sengupta (Lead Partner), Sneh Lata (Principal Associate), Supallab Chakraborty (Senior Associate).
The Firm was involved in the following:
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Assisted Aditya Birla Fashion and Retail Limited in conducting a limited diligence of the Target.
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Assisted Aditya Birla Fashion and Retail Limited with the drafting, reviewing and finalization of the joint venture agreement and the asset purchase agreement.
