Collas Crill's Jersey office has assisted FRP's UK Restructuring Advisory team, as part of the sale of the Debenhams brand and assets, by advising on the creditors' winding up of two connected Jersey companies.
Under the £55m cash deal – facilitated by FRP, as the administrators of Debenhams – Boohoo Group acquires the global rights to Debenhams' brands and its websites on completion of the transfer, securing the future of the brand in the UK.
The Collas Crill team was made up of Group Partners Simon Hurry and Mike Williams, who lead the firm's insolvency and restructuring practice in Jersey, assisted by Associate Caitlin Bruce.