Fieldfisher has advised an international toy retailer, in relation to the grant of franchise rights for Malaysia.
Fieldfisher IP senior associate Gordon Drakes led the team which advised the company on the completion of Malaysian franchise law formalities and its negotiations with Global Retail Venture (GRV) Toy Shop, an experienced retail operator and licensee for the likes of Blue Inc, Collezione, BHS, Monsoon/Accessorize and Jane Norman.
The parties agreed a franchise development agreement which will see the roll out of up to four of the company's stores over the next two to three years with the first store due to open in Kuala Lumpur by early December this year.
Gordon Drakes said: "We are delighted to have had the opportunity to advise the retailer on this deal and help them strengthen their presence in this important part of the world. This deal demonstrates the company's growing international reputation and highlights our expertise in structuring and advising clients on their international expansion programmes."
The company's CFO Alasdair Dunn added: "The signing of Global Retail Ventures compliments our international franchise growth strategy and we are looking forward to our partners delivering the retailer's magic and bringing smiles to the faces of families all over Malaysia."
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