Taylor Wessing advises on management buyout at BrandAlley
Taylor Wessing has advised News International and BrandAlley SA on the UK management buyout of online retail company BrandAlley UK Limited, a UK fashion private sales site.
Taylor Wessing has advised News International and BrandAlley SA on the UK management buyout of online retail company BrandAlley UK Limited, a UK fashion private sales site. The buyout was backed by private investors.
BrandAlley was launched in the UK as a joint venture between BrandAlley SA and News International. The company pioneered the designer flash sale model in the UK and this year launched Outlet, a permanent designer catalogue which now accounts for 12 per cent of total sales.
The Taylor Wessing team was led by corporate senior associate Andrew Davis and corporate partner Russell Holden, supported by a multi-disciplinary team, including corporate associates Alexandra Richardson and Michelle Davis, intellectual property partner Roland Mallinson, technology partner Graham Hann and tax senior associate James Meakin.
News from Taylor Wessing
News from The Lawyer
Briefings from Taylor Wessing
A ratchet is a structure whereby the eventual equity allocations between the shareholders depend on future performance of the company or the rate of return achieved by the venture capital firm.
The venture capital investors in an investment round normally require that certain actions cannot be taken without the consent of the holders of a majority of their class or series of shares.
Analysis from The Lawyer
The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world
Financial disputes are starting to dominate the English courts as the long-awaited fallout from the downturn finally comes to town