BCLP advises The Foschini Group with its acquisition of White Stuff

BCLP has advised a subsidiary of The Foschini Group with its acquisition of the entire share capital of White Stuff Group Limited.

TFG is a South African retail clothing group listed on the Johannesburg Stock Exchange. It trades under 35 leading fashion lifestyle brands and has over 4,700 outlets on five continents. In recent years, TFG has been increasingly active in the UK market and has acquired other brands including Phase Eight, Whistles and, Hobbs.

White Stuff was founded in 1985 and specializes in clothing for women, men and, children. It is present in 113 stores and almost 50 concessions in the UK, including in John Lewis and Marks & Spencer, and operates approximately 30 stores and concessions across Europe, primarily in Germany.

The client relationship partner is Co-Global Practice Group Leader for Corporate Transactions, Benjamin Lee.

The deal team was led by Andrew Hart and Benjamin Lee (Corporate Transactions, London), and consisted of Cecilie Sørvig, Paul Spence, John Adamson, Alistair Faiers and Rob Howarth (Corporate Transactions, London); Tonio Sadoni and Aslan Sönmez (Corporate Transactions, Hamburg); Kyle O’Sullivan, David Dennison and Sarah Johnson (Tax, Employee Benefits and Private Client, London); Derek Hrydziuszko, Daria Lukoianova and Rachel Naylor (Finance Transactions, London); Geraldine Scali and Andrea Rastelli (Technology, Commercial and Government Affairs, Boulder); Anna Blest, Sasha Rubinstein and Eleanor Powell (Technology, Commercial and Government Affairs, London); Anna Robins and Kelly Myles (Core Real Estate UK, Southampton); Ja Yeon Youm (Real Estate, Berlin); James Anderson and Ellie Serridge (Employment and Labor, London); Julia Schweitzer, Katharina Zobel and Kristin Frohne (Employment and Labor, Frankfurt); Sonja Hainsworth and Paul Culliford (Antitrust, Competition and Trade); and Nick Harding (Planning & Zoning, London).

The Sellers were advised by CMS Cameron McKenna Nabarro Olswang LLP.