Ahmedabad-based Arvind Ltd has acquired 49 per cent stake in Premium Garments Wholesale Trading Private Ltd, a joint venture that sells fashion label Calvin Klein for Rs. 100 crore..Arvind has bought out the stake that was jointly held by the Murjani Group and the US-based private equity fund Matrix Partners in the Company..Indus Law acted for Arvind Ltd with a team led by Partner Suneeth Katarki along Senior Associate Winnie Shekhar and Associate Priyanka Chandrasekhar..JSA acted for Murjani Group with a team led by Partner Akshay Chudasama along Senior Associates Ashish Deshmukh and Anuj Bhasme and Associate Ankit Guha..Matrix Partners was advised by its in-house team..Arvind will now be the Indian partner for US-based Phillips-Van Heusen Corporation, which globally owns Calvin Klein trademarks, for selling Calvin Klein jeans, apparel and accessories and underwear products in the country, reports ET..Follow Bar and Bench channel on WhatsAppDownload the Bar and Bench Mobile app for instant access to the latest legal news.
