RPC advises on the sale of a majority stake in British luxury luggage brand Globe-Trotter to Oakley Capital
RPC has advised the owners of British luxury luggage brand Globe-Trotter on the sale of a majority stake to the private equity firm Oakley Capital. RPC acted as English counsel, supporting Japanese law firm southgate in its role as global deal counsel.
Founded in 1897, Globe-Trotter is a British luxury luggage brand. Globe-Trotter luggage has built a loyal customer base that includes a number of prominent and influential individuals, while the business has also collaborated with numerous premium brands including Hermès, Tiffany, Gucci, Berluti and Aston Martin.
Through its investment, Oakley intends to strengthen Globe-Trotter’s positioning in the growing luxury travel luggage market, via continued online and offline expansion, product innovation leadership and operational excellence.
The RPC team was led by Corporate partners Peter Sugden and Nigel Collins.
Commenting on the transaction, Peter Sugden said: "It was a real pleasure to work alongside southgate in advising on the sale of a well-known British luxury brand. I am extremely pleased RPC's market-leading Retail Group was able to help the client close this transaction smoothly".
RPC's Corporate team advises on the full spectrum of corporate work, including domestic and cross-border public and private M&A, investments (including private equity and venture capital) and complex governance and restructuring transactions.
RPC's Retail Group has market leading experience in supporting well-known UK retail brands with all elements of their legal needs. This has included advising a well-known luxury fashion designer in respect of new joint venture arrangements as well as assisting the Sports Direct group (now Frasers Group) on its £90 million purchase of House of Fraser.