Simpson Thacher Represents Sportswear Holdings Limited and Michael Kors (HK) Limited in the Sale of Michael Kors (HK) Limited to Michael Kors (Europe) B.V.
06.01.16
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The Firm represented Sportswear Holdings Limited (“SHL”) and Michael Kors (HK) Limited (“MK Hong Kong”) in connection with SHL’s sale of MK Hong Kong to Michael Kors (Europe) B.V., a subsidiary of Michael Kors Holdings Limited (NYSE: KORS), for $500 million in cash, subject to certain adjustments.
MK Hong Kong is the exclusive licensee of Michael Kors Holdings Limited in China and certain other jurisdictions in Asia. It has a network of 91 company operating retail stores and six travel retail locations across China, Hong Kong, Macau and Taiwan.
The Simpson Thacher team includes Maripat Alpuche, Gary Horowitz, Kirsten Popoff and Meredith Hunt (M&A); Vincent Zhou and Xiaoyu Ding (Beijing); Venus Lo (Hong Kong); Sophie Staples (Tax); David Rubinsky, Jeannine McSweeney, Joo Hyun Lee and Caitlin Lucey (Executive Compensation and Employee Benefits); Mike Isby (Environmental); Marcela Robledo (Intellectual Property); and Krista McManus (Real Estate).