RPC advises luxury furniture retailer Timothy Oulton and the Halo Group on its acquisition of Sofa Workshop from DFS
Law firm RPC has closed the latest in a string of high-profile retail transactions, acting for Timothy Oulton and the Halo Group on its acquisition of the Sofa Workshop from well-known high-street brand DFS.
The deal – which signed on 26 August – will see Hong Kong-headquartered Timothy Oulton and the Halo Group take over 17 stores in the UK and under the Timothy Oulton Halo brand.
RPC Partner Jeremy Cunningham said: "I was very pleased to be asked again to advise Timothy Oulton and the Halo Group, having previously supported them on other corporate matters."
"This is an important strategic acquisition for them, and right in our sweet spot, combining corporate expertise with our market-leading experience of the retail sector. The transaction involved us advising on complex regulatory, IP and real estate issues, as well as the core transaction, bringing together lawyers with deep retail experience from across the firm."
The deal is due to complete mid-September, subject to FCA approval.
RPC has supported clients on a significant number of recent retail matters, involving well-known brands such as House of Fraser, Evans Cycles, Tiger, Globe-Trotter luxury luggage, and Jack Wills.