Averus has advised the Kaunas Free Economic Zone Management Company in Lithuania on its agreement with Hollister for the American lifestyle brand (owned by Abercrombie & Fitch Co.) to set up a new plant in the zone.
Averus reports that its lawyers "worked on the transaction from the very beginning, represented the client’s interest in very intensive negotiations, drafted transaction documents, and advised on the structure of the deal." According to Averus, "Hollister plans to invest approximately EUR 50 million and create 300 new jobs."
The firm's team was led by Partner Povilas Karlonas, assisted by Associate Sandra Narmontaite.
