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Sunday, 25 August 2019

We provide our clients with strategic advice on some of the most challenging issues facing the retail sector today.


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Corporate M&A and ECM

Adrian West

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+44 (0)20 7295 3419

Adrian trained at Travers Smith, qualified in 2003 and became a partner in 2011. Adrian has a broad corporate practice but his principal area of work is corporate finance, including IPOs, equity fundraisings, public takeovers and private company acquisitions and disposals.

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In a market that reflects consumer confidence, timely, accurate and commercial advice is of utmost importance.

There are very few areas of law that do not impact on businesses operating in the retail sector and our joined-up, cross departmental teams are well versed in providing the highest quality advice.

We are market leaders for M&A in the retail sector, ranked #1 by Mergermarket by volume of deals. But our experience goes far beyond M&A. We have a team specialising in joint ventures and key supply, outsourcing, franchising and IT- related contracts for retail businesses. We have led complex restructuring of retailers and advised on multiple IPOs in the sector. Our experience also includes advising on rights issues, bank financings, acquisitions and disposals, anti-trust investigations (most recently relating to the OFT tobacco investigation), sale and leasebacks and complex litigation.

We have taken time to understand the retail sector and build lasting relationships within it. We understand brands and the regulatory environment surrounding retail. Our lawyers have the requisite depth of experience. Our clients range from food retailers to luxury brands, from domestic and electronic consumer goods companies to online retail businesses.

Experience in this sector includes advising:

  • McColl’s, the UK’s largest independent neighbourhood retailer, on the renegotiation of its business-critical supply and distribution arrangements with Palmer & Harvey and NISA
  • Bridgepoint Capital in relation to the acquisition of Pret A Manger, and Pret A Manger on the renegotiation of its contractual arrangements with Veriphone to provide “chip and pin” machines and accompanying software to all stores
  • Select Service Partner on franchising arrangements for its Caffè Ritazza and Upper Crust brands, and its running of WHSmith, M&S Simply Food, Starbucks and Burger King franchises
  • Musto, the leading sportswear brand, on its sponsorship of the Volvo Ocean Yacht Race and the Musto/Volvo co-branded merchandising range
  • Metro Bank, the first new UK retail bank for over a century, on its outsourcing and procurement arrangements (including business process, IT and network infrastructure outsourcing)
  • NFT Distribution, the UK’s market leader in chilled distribution, on the renegotiation of its outsourcing arrangements with Sainsbury’s
  • LK Bennett, the leading woman’s fashion retailer, in relation to its franchising operations in the Middle East (including the UAE, Kuwait, Lebanon and Qatar)
  • Agent Provocateur on the renegotiation of a trademark licence
  • Brighthouse on its trading relationships with key suppliers
  • Yo!Sushi on its franchising of the Yo! Brand
  • A UK-based international food retail group in connection with disputes relating to restrictive covenants in JV agreements in Thailand and Taiwan
  • A major furniture retailer in relation to claims for breach of design rights and passing off
  • Waitrose on issues arising during the purchase and development of a shopping centre
  • Multi-Development UK Limited in various disputes relating to the development of the £320 million retail, leisure and residential development at Victoria Square in Belfast
  • Galiform plc, the former owner of the MFI retail furniture chain, in connection with a dispute concerning Aon's administration and underwriting of extended warranty insurance cover sold to owners of MFI products
  • Jack Wills on its warehousing and distribution agreements and on the replatforming of its business critical website.
  • Cath Kidston on its commercial distribution agreements.
  • Pret A Manger on a franchise agreement for a new Dubai venture.
  • Pets at Home Group Plc and its management team on matters relating to management shareholders in connection with the company's listing on the main market of the London Stock Exchange.

View the Autumn edition of Retail Digest online here:

Retail Digest Online Version

A pdf copy can be downloaded from the Related Content section below.