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Simpson Thacher & Bartlett Real-Time E-News
Grupo Axo Announces Strategic Distributor Partnership With Nike
Simpson Thacher is representing Grupo Axo in connection with its announced strategic distributor partnership with Nike, pursuant to which Grupo Axo will acquire Nike’s operations in Argentina, Chile and Uruguay. The parties expect to complete the transaction, which is subject to customary closing conditions, by mid-2020. Additional terms of the acquisition and strategic distributor partnership were not disclosed.
Grupo Axo is a Latin American premier partner to global fashion brands. Founded in Mexico in 1994, Grupo Axo leverages more than 25 years of experience in brand stewardship across the retail, wholesale, and e-commerce sectors to serve as a multichannel operator and distributor for its leading global client base, including Abercrombie & Fitch, Bath & Body Works, Brooks Brothers, Brunello Cucinelli, Calvin Klein, Chaps, Coach, Crate and Barrel, Guess, Hollister, IZOD, Kate Spade New York, Laces, LOFT, Lust, NIKE, PVH Heritage Brands, Rapsodia, Speedo, TAF, Tommy Hilfiger, TrueKids, Victoria’s Secret and Warner’s. Grupo Axo operates nearly 5,000 corners in department stores and nearly 800 retail stores and shop-in-shops across Latin America.
NIKE, Inc., based near Beaverton, Oregon, is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities.
The Simpson Thacher team includes S. Todd Crider, Juan M. Naveira and Joshua Bernard (M&A – Latin America); Jasmine Hay (Tax); and Marcela Robledo and Bobbie Burrows (Intellectual Property).
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