International law firm Akin Gump Strauss Hauer & Feld LLP has advised Finstar Group on the strategic disposal of its majority stake in the Rive Gauche Group to Elshtere Ltd. Finstar Group remains a substantial shareholder in the Rive Gauche Group. The transaction was completed in August 2012.
The Rive Gauche Group is the second-largest perfume and cosmetics retailer in Russia and has been active since 1995, operating over 180 stores in Russia under ‘Rive Gauche’ and ‘Douglas Rivoli’ brands.
Finstar board member Alexsandr Kravchenko commented, “This transaction was very significant for our company, and we were delighted to have been advised by an expert team at Akin Gump in Moscow.”
Finstar Group was advised by Akin Gump Moscow corporate partner Suren Gortsunyan supported by counsel Alexander Trukhtanov and associate Konstantin Mineev.
