0370 270 6000

already registered?

Please sign in with your existing account details.

need to register?

Register to access exclusive content, sign up to receive our updates and personalise your experience on brownejacobson.com.

Privacy statement - Terms and conditions

Browne Jacobson advises Itochu on Quantum Clothing Group acquisition

12 July 2012

Japanese trader Itochu has acquired Nottinghamshire-based Quantum Clothing Group, for an undisclosed figure.

Quantum Clothing Group specialises in menswear, lingerie and hosiery and is a leading supplier to Marks and Spencer, employing in the region of 5,000 staff worldwide. Outside of the UK the business has operations in Cambodia, Sri Lanka and India amongst others.

Quantum will continue to be run out of the UK with Nigel Lugg, chairman and chief executive of Itochu subsidiary Prominent Europe, becoming chairman and group chief executive. The existing management team will remain in place.

The acquisition will add to Itochus existing production businesses, which includes the manufacture of menswear, womens wear, lingerie and sportswear.

A team of twenty-plus lawyers from Browne Jacobson, led by corporate partners Richard Cox and Gavin Cummings, advised Itochu and Prominent Europe on the acquisition.

Richard Cox said:

"This was an extensive cross border transaction which involved a large team of Browne Jacobson lawyers with a wide breadth of expertise working along side and co-ordinating with legal teams from across Asia. It illustrates the benefits to clients of having a firm with an integrated full service legal offering backed up by a first class international network working on their behalf."

Deloittes corporate finance team, led by David Jones together with its due diligence and tax teams provided advice to Prominent Europe and Itochu, Pinsent Masons acting for the selling shareholders of the Quantum Clothing Group.

news

8 October 2019

Browne Jacobson advises Impala as it secures $11m in latest investment round

Browne Jacobson’s corporate finance team has advised Impala on its successful $11 million investment round.

Read more

8 October 2019

Browne Jacobson lead adviser on nmcn plc’s acquisition of Lintott Environmental Technologies and its wholly owned subsidiary, Lintott Control Systems

Browne Jacobson’s Manchester team has advised nmcn, the national provider of design, offsite manufacturing and construction services in the water sector, on its acquisition of water treatment system manufacturer Lintott Environmental Technologies and its wholly owned subsidiary, Lintott Control Systems (LCS).

Read more