Osborne Clarke Advised long-standing client Topps Tiles on Strategic Acquisition of Fired Earth assets
Osborne Clarke Advised long-standing client Topps Tiles on Strategic Acquisition of Fired Earth assets
International legal practice Osborne Clarke has advised Topps Tiles on its acquisition of the brand, intellectual property, website, and stock of prestige retailer Fired Earth. The transaction marks a strategic expansion of the group's brand portfolio. The acquisition was announced by Topps Tiles alongside its full-year results, which reported record sales of £295.8m and 40% of revenue growth.
“Doug, Claire and the team provided an excellent, proactive and pragmatic service. We had full confidence in them, knowing we were in good hands. Their drive and determination ensured the deal got over the line.” stated Joanne Steer, Head of Legal of Topps Tiles
“Fired Earth is a distinctive and highly regarded brand within the interiors sector. We are pleased to have supported Topps Tiles on this strategic transaction, which positions the brand for its next phase of growth within a strong, design-led tile and interiors group." stated Dougals Hawthorn, Partner, Osborne Clarke.
Osborne Clarke's Retail & Consumer team, ranked in Band 1 by Legal 500, has a proven track record in complex, time-critical sector transactions. Recent notable restructuring and acquisition mandates include advising Topps Tiles on its acquisition of certain assets of CTD Tiles, acting for the administrators of the Wiggle group on the disposal of various assets, and advising the administrators of Ted Baker on various disputes and on trading mattes.
The Osborne Clarke team was led by Douglas Hawthorn (Restructuring partner) with Claire Bundy (Legal Director/ Restructuring), supported by Ian Solomon (Associate/ Commercial), and Ryan West (Associate/ IP).
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