Edward Miller led the Warner Cranston corporate team advising InterTAN, the US-based international consumer electronics retailer, in the sale of its UK subsidiary, Tandy. The sale includes around 300 Tandy stores.
The UK's largest independent mobile phone retailer Carphone Warehouse, advised by Olswang, has agreed to purchase InterTAN's loss-making subsidiary.
Miller told The Lawyer: “What is interesting about the deal is that it is probably one of the largest, in terms of number of retail sites, to change hands in one transaction. It demonstrates that small boutiques are well able to deliver a real alternative to the larger firms. In a smaller firm you have greater awareness across the firm. It took the two teams just two days to get the documents agreed.”