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Demarest advises on Nike do Brasil divestment

  • News
  • 13 February 2020
  • 196
  • 1 minute read

Demarest has advised Nike Galaxy Holding and Nike Group Holding on its sale of Nike Do Brasil Comércio e Participações (Nike Brasil) to SBF Comercio de Produtos Esportivos (Centuaro). 

José Diaz of DemarestThe transaction, valued at 900 million reais ($207.3 million) occurred simultaneously to other transactions in Argentina, Chile and Uruguay, and represents a strategic move of Nike’s operations to distributor partnerships.

Demarest’s team was led by partner José Díaz (pictured), with Daniel Caramaschi.

adam.critchley@iberianlegalgroup.com

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