Media release: Clayton Utz advises on Russell Brands’ sale to Gray-Nicolls Sports

 The transaction included the sale of the Sherrin brand and the licence to manufacture, distribute and sell certain sporting goods and associated products under the Spalding brand in Australia and New Zealand.

Corporate, M&A partner Michael Linehan led the firm's core deal team, which included Corporate, M&A partner Andrew Walker and lawyer Peter Nikitas.  The deal team was further supported by members of the Competition practice group, including partner Adrian Kuti and special counsel Doug Thompson.

Commenting on the transaction, Michael said:

It was a privilege to advise on the sale of the Sherrin brand, one of the most iconic names in Australian sport.  We are delighted to have helped Russell Brands achieve a successful outcome.  We wish Gray-Nicolls every success as the new owner and have no doubt that the Sherrin brand will continue to kick goals.

Fruit of the Loom, Inc. is a leading global company specialising in designing, manufacturing and marketing products that bring comfort, performance and fun to everyday moments.  Fruit of the Loom, Inc. is a wholly owned subsidiary of Berkshire Hathaway, Inc., and its portfolio of companies and brands includes Russell Athletic, Spalding and Vanity Fair.