TGS Baltic advised Audimas, Lithuanian sports clothing manufacturer, on business separation and establishing a real estate management company   

27.10.2021 TGS Baltic advised Audimas, Lithuanian sports clothing manufacturer, on business separation and establishing a real estate management company  

We advised Audimas, Lithuanian sportswear and outdoor clothing manufacturer, on separating manufacturing and trading companies and establishing a real estate management company.

 Henceforth, outsourced business will be conducted by Audimas Supply, brand business by Audimas Brand, and real estate will be managed by Audimo Turtas. Audimas retains the holding company’'s financial, information systems, human resources, asset management, and other activities.

The legal advisors of the client were Partners Agnius Pilipavičius, Aurimas Pauliukevičius, Ieva Povilaitienė, Associates Indrė Mažeikaitė, Rimantė Varapnickė, Elvinas Kižys, and Tax Consultant Loreta Antanaitienė.