Insolvency and restructuring

Anya Hindmarch

DLA Piper guides LK Bennett to rescue deal

Fashion retailer LK Bennett has been sold to its Chinese franchise partner Byland, following a round of restructuring led by DLA Piper, administrators EY and Womble Bond Dickinson. In March, veteran DLA Piper partner Richard Obank was instructed by LK Bennett’s administrators on the restructuring process, leading a team that included Leeds partner Colin Ashford […]

clothes

Freshfields’ former restructuring head joins Arcadia board

With Arcadia closing in on a turnaround plan for the business, the High Street giant has appointed a former head of insolvency at Freshfields Bruckhaus Deringer to support it on its next steps. Peter Bloxham joins Arcadia and parent company Taveta Investments as an interim non-executive director in the midst of Philip Green’s major overhaul […]

HMV

Addleshaws and KPMG given High Court seal of approval after HMV mixup

A High Court judge was required to confirm the roles of Big Four accountant KPMG and Addleshaw Goddard on HMV’s insolvency after confusion over the document submission. The Honourable Mr Justice Barling was required to conduct a hearing in the High Court on 24 January, ruling that a late electronic submission of insolvency documents would […]

Macfarlanes

Ropes restructuring partner resurfaces at Macfarlanes

Ropes & Gray restructuring partner Peter Baldwin has resurfaced with a new role at Macfarlanes, in what is the City stalwart’s third lateral hire this year. Baldwin left Ropes last year and will join Macfarlanes at the start of June, where he will focus on special situations and distressed transactions. He worked in Ropes from […]

Staples

Shoosmiths on call as former Staples chain plunges into administration

Shoosmiths has been drafted in on the administration of stationery chain Office Outlet, just six months after it underwent a company voluntary arrangement (CVA). The firm, led by Birmingham-based restructuring partners James Keates, Aaron Harlow and senior associate Charles Williams, is advising Deloitte in the administration process as a new buyer is sought. Richard Hawes and […]

DLA Piper grabs mandate on LK Bennett administration

DLA Piper has earned a first time instruction from ailing upmarket clothing brand LK Bennett, which yesterday confirmed it had called in the administrators. The firm is understood to have pipped Taylor Wessing and Mishcon de Reya to the post, which have both previously represented the retailer and its founder Linda Bennett in the past. […]

wrapping

Kirkland wins lead mandate on Paperchase rescue plan

2019 looks set to be another challenging year for the retail industry, with Paperchase the latest store to enlist legal advisers on its company voluntary agreement. Kirkland & Ellis has secured the top role for Paperchase, with seasoned Kirkland restructuring duo Kon Asimacopoulos and Elaine Nolan advising the card store. The company was bought by […]

Amy Jacks, DLA Piper

Mayer Brown’s City hiring spree continues with DLA duo

DLA Piper’s global restructuring co-chair Michael Fiddy is joining Mayer Brown along with the firm’s UK head of restructuring Amy Jacks, The Lawyer can reveal. Fiddy is a DLA veteran of 24 years, making partner in 2002, while Jacks is a DLA lifer and Hot 100 alumna who made partner seven years ago and has made […]

DWF grabs mandate on Flybmi’s collapse

Flybmi has become the latest airline to enter into administration, with the company citing Brexit uncertainty as one of the main reasons for its collapse. DWF is acting for the administrators BDO, with a team led by Leeds-based associate partner Matthew Brown. The airline cancelled all flights over the weekend with immediate effect. DWF is understood to […]

Debenhams

City heavyweights weigh in on Debenhams restructuring

Freshfields Bruckhaus Deringer is advising Debenhams on its restructuring plans, making it the second department store in less than a year to turn to the magic circle firm. Partner Ken Baird is acting for the company from Freshfields, having acted in this remit for Debenhams before, as well as advising House of Fraser during its woes last year. […]

Oddbins

Shoosmiths drafted in on administration of Oddbins

Shoosmiths is acting in the administration of wine and spirit seller Oddbins, as it faces restructuring woes for the second time in less than a decade. The Shoosmiths team is acting for administrators Duff & Phelps, led by Birmingham-based restructuring head James Keates, alongside Manchester-based partner Sarah Teal and senior associate Hollie Wrigley. Phil Duffy […]

London town

Ince administrators ‘perplexed’ at comments from ex-partners

As speculation swirls around Ince & Co’s deal with Gordon Dadds, the administrators have issued an unconventional statement on their progress after it was revealed that former Ince partners are questioning the terms of the pre-pack. Responding to growing voices raised against Ince & Co’s pre-pack sale to Gordon Dadds, Ince’s administrators from Quantuma and […]

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