Slaughter and May has advised Burberry in connection with its strategic partnership with Coty Inc. to accelerate the growth and development of Burberry’s beauty business.
The long-term, exclusive, global licensing agreement and related transfer of the beauty business will take effect from October 2017 and it’s subject to regulatory approvals. oty will pay a cash consideration of £130M for the long-term exclusive global license. Coty will pay a cash consideration of £130M for the long-term exclusive global license.
The Burberry Beauty business will be managed within Coty’s Luxury division, which is the world leader in prestige fragrance with a growing presence in prestige cosmetics and skincare.
Headquartered in Paris, Coty Luxury develops, produces, markets and distributes globally a range of fashion house fragrances including Gucci, Marc Jacobs, Hugo Boss, Calvin Klein, Alexander McQueen, Bottega Veneta and Balenciaga, as well as premium cosmetics and skin care under the philosophy, Lancaster and Gucci brands. Both Coty and Burberry share strong heritages, which date back to 1856 for Burberry and 1904 for Coty. Both are renowned for innovation in their fields.
Slaughter and May advised Burberry on the deal with a Corporate team led by Jeff Twentyman (partner, in picture), Aleezeh Liaqat (associate), Molly Whitehall (trainee); on IP/IT law acted Duncan Blaikie (partner); Competition: Anna Lyle-Smythe (partner), Philip McDonald (associate); on Employment aspects advised Sandeep Maudgil (partner), Katherine Flower (associate), Lidia Danyi (associate); and on Tax law acted Jeanette Zaman (partner) nad Benjamin Wonnacott (associate).
Involved fees earner: Jeff Twentyman – Slaughter and May; Aleezeh Liaqat – Slaughter and May; Molly Whitehall – Slaughter and May; Duncan Blaikie – Slaughter and May; Anna Lyle-Smythe – Slaughter and May; Philip McDonald – Slaughter and May; Sandeep Maudgil – Slaughter and May; Katherine Flower – Slaughter and May; Lidia Danyi – Slaughter and May; Jeanette Zaman – Slaughter and May; Benjamin Wonnacott – Slaughter and May;
Law Firms: Slaughter and May;