07 Oct 2016

Clayton Utz advises on sale of Politix

Melbourne, 6 October 2016: Clayton Utz has advised the owners of the Politix retail fashion business on the sale of the business to the Country Road Group. The Clayton Utz team advised the vendor on the full transaction process, including transaction strategy, negotiation with bidders and deal execution. 

The transaction, which was announced on 5 October 2016, is subject to a number of customary conditions before completion occurs. At this stage, completion is anticipated to occur on or about 31 October 2016.  

Clayton Utz Melbourne Corporate partner Michael Linehan led the team, with support from senior associate Quentin Reidy and lawyer Kate Allison. This deal adds to the team's strong track record of advising clients in the retail industry on various high-profile corporate transactions. 

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.