Brief: Superdry Says Signed IP JV Deal With Reliance Brands Holding UK

Superdry

04/10/2023 07:01

Oct 4 (Reuters) - Superdry PLC  SDRY.L :
    * REG-SUPERDRY PLC SUPERDRY PLC: SUPERDRY BRAND TO
ACCELERATE
GROWTH IN INDIA WITH NEW IP JOINT VENTURE
    * SUPERDRY: CONSIDERATION FOR SALE OF SOUTH ASIAN IP IS
£40.0
MILLION
    * SUPERDRY: HAS SIGNED AN IP JOINT VENTURE AGREEMENT WITH
RELIANCE
BRANDS HOLDING UK LTD
    * SUPERDRY - RBUK AND SUPERDRY WILL OWN 76% AND 24% OF JOINT
VENTURE VEHICLE RESPECTIVELY
    * SUPERDRY: RELIANCE WILL CONTINUE TO BE SUPPLIED FINISHED
GOODS
BY SUPERDRY, SOLD AT STANDARDISED COMMERCIAL TERMS.
    * SUPERDRY: RELIANCE WILL CONTINUE TO BE SUPPLIED FINISHED
GOODS
BY SUPERDRY, SOLD AT STANDARDISED COMMERCIAL TERMS
    * SUPERDRY: EXPECTS TO RECEIVE TOTAL PROCEEDS OF
APPROXIMATELY
£28.3 MILLION NET OF TRANSACTION COSTS AND TAXATION

Source text for Eikon:  ID:nEQ1V8l4Da 
Further company coverage:  SDRY.L 

 ((Reuters.Briefs@thomsonreuters.com;))