Osborne Clarke has advised Tiles4Less Limited, a subsidiary of Topps Tiles PLC, on the acquisition of the CTD Tiles brands, including 30 stores, from CTD Tiles Limited, which is in administration. The transaction, completed on August 19, 2024, includes selected stock, intellectual property, and customer data. This acquisition is significant for Topps Tiles as it adds 30 well-established stores and facilitates the company’s entrance into the housebuilder segment while expanding its share in the architectural and design market. The deal preserves over 100 jobs and was executed following a swift negotiation period of ten days. Osborne Clarke’s multidisciplinary team, which included expertise in restructuring, employment, corporate, real estate, intellectual property, and data/privacy, led the advisory role, with Scots law advice from Burness Paull.
Retail, Construction, Legal Services,United Kingdom
https://www.osborneclarke.com/news/osborne-clarke-advises-tiles4less-subsidiary-topps-tiles-plc-acquisition-ctd-tiles-brands