Allen & Overy (A&O) and Clifford Chance (CC) have scored the leading roles on GlaxoSmithKline’s (GSK’s) £1.35bn sale of its Ribena and Lucozade brands to Japan’s Suntory Beverage & Food. The UK healthcare company has sold off the well-known drink brands after a strategic review which began in February this year. Ribena and Lucozade, which date back to 1927 and 1937 respectively, brought in around £500m for GSK last year in annual sales.
September 09, 2013 at 05:54 AM
1 minute read
The original version of this story was published on Legalweek
Allen & Overy (A&O) and Clifford Chance (CC) have scored the leading roles on GlaxoSmithKline’s (GSK’s) £1.35bn sale of its Ribena and Lucozade brands to Japan’s Suntory Beverage & Food.
The UK healthcare company has sold off the well-known drink brands after a strategic review which began in February this year. Ribena and Lucozade, which date back to 1927 and 1937 respectively, brought in around £500m for GSK last year in annual sales.
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