Han Kun Represents Karl Lagerfeld in the Sale of its Greater China Business
August, 2017 - Hong Kong, Mainland China
On August 18, 2017, the signing ceremony for the sale of the Karl Lagerfeld brand in Greater China (mainland China, Hong Kong, Macau, Taiwan and Singapore) between the Chou family and Septwolves (SZSE: 002029) was held in Hong Kong. After the closing, Septwolves will, through its wholly-owned Hong Kong subsidiary, hold 80.1% of the issued and outstanding shares of Karl Lagerfeld Greater China Holdings Limited, making it the de facto controller of the Karl Lagerfeld brand in Greater China and the indirect holder of the perpetual and exclusive right to use the Karl Lagerfeld trademarks in Greater China.
Karl Lagerfeld is a designer brand from Paris, France. The brand remains under the creative direction of Mr. Karl Lagerfeld, who is regarded as the godfather of fashion and is also the head designer for Chanel and Fendi.
As the seller's legal counsel, Han Kun provided full legal services for the deal, including selecting a financial advisor, identifying potential buyers, designing the transaction, and drafting and negotiating the transaction documents.
