In The News

adidas Group Agrees to Sell Mitchell & Ness, Global Leader in Nostalgia Headwear

Practices: Mergers & Acquisitions, Securities & Public Companies, Intellectual Property Transactions Industries: Retail & Consumer Brands

Ropes & Gray advised the adidas Group in its definitive agreement to sell the Mitchell & Ness business to a newly formed entity primarily owned by Juggernaut Capital Partners. The transaction is expected to close in the second quarter of 2016.

Headquartered in Philadelphia, Pa., Mitchell & Ness is a global platform in nostalgia headwear and apparel with longstanding licensing agreements across multiple professional sports leagues including the NBA, NHL, MLB and NFL. 

The Ropes & Gray team representing adidas was led by mergers & acquisitions partner Jane Goldstein and included securities & public companies associate Zachary Blume, and intellectual property transactions counsel Erica Han.

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