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ABL advises Propel Group on sale of iconic Australian brands to Gina Rinehart's Kidman Group

Corporate and M&A
iStock 689911172 min

Arnold Bloch Leibler has advised Australian fashion group, Propel, on the sale of two of its iconic Australian brands to Gina Rinehart's S. Kidman & Co.

Propel is the fashion group behind Driza-Bone and Rossi Boots, two heritage Australian rural brands, each with over 100 years of history. Following the purchase, S. Kidman & Co plans to expand the labels' ranges to increase its market overseas.

Corporate and M&A partner Christine Fleer, senior associate Vidushee Deora and lawyer Drew Hawkes advised on all aspects of the transaction.

Commenting on the sale, Christine said: "Congratulations to all involved in this strategic transaction, we enjoyed working with the team at Propel to achieve this outcome for two of Australia’s much-loved rural brands".

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