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".
