Hogan Lovells has advised Yves Saint Laurent (YSL) on the acquisition of a stake in its Middle East business through a joint venture with Middle East holding company Al Tayer Group. The luxury fashion brand bought a 51% stake in the company, understood to be worth $15m (£10m), with Al Tayer holding the remaining 49%. The deal means YSL will get a share of overall profit and Al Tayer will no longer have exclusive rights to distribute the brand in the UAE.
May 09, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Hogan Lovells has advised Yves Saint Laurent (YSL) on the acquisition of a stake in its Middle East business through a joint venture with Middle East holding company Al Tayer Group.
The luxury fashion brand bought a 51% stake in the company, understood to be worth $15m (£10m), with Al Tayer holding the remaining 49%. The deal means YSL will get a share of overall profit and Al Tayer will no longer have exclusive rights to distribute the brand in the UAE.
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