Ahmedabad-based Arvind Ltd has acquired 49 per cent stake in Premium Garments Wholesale Trading Private Ltd, a joint venture that sells fashion label Calvin Klein for Rs. 100 crore..Arvind has bought out the stake that was jointly held by the Murjani Group and the US-based private equity fund Matrix Partners in the Company..Indus Law acted for Arvind Ltd with a team led by Partner Suneeth Katarki along Senior Associate Winnie Shekhar and Associate Priyanka Chandrasekhar..JSA acted for Murjani Group with a team led by Partner Akshay Chudasama along Senior Associates Ashish Deshmukh and Anuj Bhasme and Associate Ankit Guha..Matrix Partners was advised by its in-house team..Arvind will now be the Indian partner for US-based Phillips-Van Heusen Corporation, which globally owns Calvin Klein trademarks, for selling Calvin Klein jeans, apparel and accessories and underwear products in the country, reports ET.
Ahmedabad-based Arvind Ltd has acquired 49 per cent stake in Premium Garments Wholesale Trading Private Ltd, a joint venture that sells fashion label Calvin Klein for Rs. 100 crore..Arvind has bought out the stake that was jointly held by the Murjani Group and the US-based private equity fund Matrix Partners in the Company..Indus Law acted for Arvind Ltd with a team led by Partner Suneeth Katarki along Senior Associate Winnie Shekhar and Associate Priyanka Chandrasekhar..JSA acted for Murjani Group with a team led by Partner Akshay Chudasama along Senior Associates Ashish Deshmukh and Anuj Bhasme and Associate Ankit Guha..Matrix Partners was advised by its in-house team..Arvind will now be the Indian partner for US-based Phillips-Van Heusen Corporation, which globally owns Calvin Klein trademarks, for selling Calvin Klein jeans, apparel and accessories and underwear products in the country, reports ET.