Bates Wells’ cross departmental M&A team acted for F Hinds, the national jewellery retailer, on the rescue of a number of Chapelle’s specialist jewellery and watch outlet stores from administration.
F Hinds is an award-winning, family-run firm which runs 116 jewellery stores across England and Wales, and has now acquired 12 Chapelle stores, saving over 80 Chapelle employees after Chapelle went into administration earlier this year. Given the similar culture of the two companies, the acquisition of certain Chapelle stores offered F Hinds a perfect opportunity to increase its brand offering and to capitalise on its position in the market.
Commenting on the acquisition, David Hinds, managing director of F Hinds said: " We are delighted to be able to take on many of the Chapelle outlet stores as well as their website. We are also very pleased to be saving over 80 jobs. We believe that Chapelle complements our existing F Hinds business and that we will be able to share our experience and to offer increased operational efficiency.”
Commenting on Bates Wells’ role, Paul Hinds said: “Bates Wells gave an invaluable service, providing us with advice on a transaction which contained many elements which were new to us. Having the ability to quickly tap into Bates Wells’ multiple areas of expertise was key to us being able to complete the deal in the short timeframe available”.
This transaction demonstrates Bates Wells’ ability to advise household name clients on complex matters in a short timeframe, utilising its cross-departmental M&A, Real Estate and Employment teams.
Bates Wells’ M&A team was led by Mark Tasker (Partner) and Natalie Knight-Wickens (Senior Associate) and the Real Estate team was led by Karli Hiscock (Partner), supported by Maisie Ireland (Solicitor).
Posted on 21/03/2019 in Corporate & CommercialBack to Knowledge