We have a long history of advising retail clients and understand the urgency of today’s markets and the need to provide expert advice quickly and effectively. We have a dynamic and commercial style and a commitment to excellence in service delivery and transaction management.
We count some of the UK’s best known retailers amongst our clients, such as Tesco, Apple, Argos, Oasis, GUS, Samsonite, Phase 8, Mango, Burberry, Homebase, Monsoon, French Connection, Laura Ashley and Tie Rack.
We offer a core team of lawyers who cover the full range of legal service expertise and who are specialist in the retail sector. We regularly share retail know-how and issues to ensure we are up-to-date with matters of importance concerning retailers and are therefore able to give the best and most tailored advice.
We bring our judgment, experience and know-how to bear in shaping the decisions that our retail clients must take.
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Advised Apple on obtaining a licence for its flagship Covent Garden store in the face of resident objections and Westminster City Council’s policy to refuse such applications.
Advised Samsonite International S.A. (“Samsonite”) on the acquisition of Rolling Luggage, one of the world’s leading airport retailers of branded luggage and travel products. Samsonite acquired the Rolling Luggage business from the Rcapital owned Tie Rack Retail Group for a cash consideration of £15.75m.
Advising the Westfield shopping centre on a large range of its advertising and marketing activities. Negotiating commercial arrangements with boutique developer, Instant Business, for the ground breaking Westfield London mobile app using location based data to enable Westfield to roll out new digital advertising & marketing initiatives to shoppers at Westfield London.
Advised on the disposal of seven shopping centres owned by Rockspring. The transaction involved the sale of the interests in various SPVs to an Ellandi and Lonestar joint venture. The 1.3m sq ft "Tiger" real estate portfolio generated a net annual income of over £18.7m from circa 500 separate tenants with a purchase price of £265m.
Advised listed South African retailer, The Foschini Group Ltd (TFG), on its acquisition of an 85% stake in Poppy Holdco Limited, which trades as Phase Eight – the international multi-channel retailer. The acquisition of Phase Eight is at an enterprise value of £238m with an equity value of £159.2m after taking into account net debt and related adjustments.