Shoosmiths has been on call for retailer Cath Kidston, following its acquisition out of administration by Next. The firm worked with Cath Kidston’s administrators at PwC in the sale, with restructuring head James Keates at the helm alongside London partner Lee Sennett. Other members of the team included Birmingham-based principal associate Charlotte Broster, senior associate […]
Firms including Addleshaw Goddard and Buckles Law have been involved in the latest restructuring deal in the UK retail sector. Scottish clothing brand M&Co appointed Teneo as its administrator last December. This week, it was revealed that AK Retail Holdings will purchase the M&Co brand, but not its stores. AK Retail Holdings owns Yours Clothing […]
Paperchase has been sold to Tesco after several years of restructuring arrangements in an attempt to save the company. Pinsent Masons was the firm that advised Begbies Traynor as the stationery store’s administrators. City partner Steven Cottee led for the firm. Shoosmiths also picked up the lead role for Tesco as it agreed to buy […]
Slaughter and May has advised FTSE 100 giant Next, as it buys fashion retailer Joules out of administration. A team led by partner duo Ian Johnson and Claire Jackson worked with Next on its bid for Joules. Johnson leads Slaughters’ restructuring group, while Jackson was promoted to partner in the corporate team in 2020. Meanwhile, […]
Eversheds Sutherland has landed the advisory role for Next as it swoops in to purchase the IP of collapsed furniture retailer Made.com. The Lawyer has learnt that a corporate team from Eversheds has advised Next on the brand acquisition. The FTSE 100 giant sought counsel from the firm last week as time ran out to […]
Herbert Smith Freehills has been instructed by furniture retailer Made.com as it files notice of its intention to appoint administrators. The decision to appoint PwC as administrators is the latest step towards Made.com’s potential collapse if a deal cannot be secured. At the end of September, Made.com launched a strategic review process as it sought […]
After a year-long tender process, Bulb Energy has finally been sold to fellow provider Octopus and thereby rescued out of special administration. CMS advised the buyer Octopus Energy, a provider specialising in renewable and sustainable solutions. The team was led by corporate partner Charles Currier, supported by partner Emma Clark. They were aided by senior […]
Another partner from Brown Rudnick’s restructuring team has joined Squire Patton Boggs, this time in Paris. Arnaud Moussatoff, who is based in the French capital, is moving to Squires after nearly four years as a partner at Brown Rudnick. Before that he was a counsel at DLA Piper. His move follows a five-person exodus from […]
Slaughter and May, a longstanding adviser to Cineworld, is supporting the cinema chain as it proceeds with a Chapter 11 filing in the US. The team at Slaughters is being led by the head of its restructuring and insolvency group Ian Johnson, while Claire Cooke is on hand in the finance team and David Johnson […]
A restructuring partner from Kirkland & Ellis has moved to Freshfields Bruckhaus Deringer’s London team.
Kirkland & Ellis has won a transatlantic mandate to advise cryptocurrency loan company Celsius Network as it enters Chapter 11 proceedings in the US. London partners Kon Asimacopoulos and Hannah Crawford are leading the charge in the City, while the US deal team is helmed by New York partner Josh Sussberg, and Patrick Nash and […]
Proskauer Rose has recruited a partner from Clifford Chance to its restructuring and bankruptcy group. Adrian Cohen joins the US firm after 32 years at the magic circle outfit. He left the partnership last month having been promoted in 1998. During his career, Cohen has picked up a swathe of high-profile mandates for the likes […]