Linklaters advises the joint administrators of Studio Retail Group plc on the sale of the business and assets

Linklaters has advised Daniel Smith and Daniel Butters of Teneo Financial Advisory Limited as joint administrators, in preparing for and delivering the sale of the business and assets of Studio Retail Group plc (“SRG”), including its main operating subsidiary, Studio Retail Limited (“SRL”), to Frasers Group plc (“Frasers”).

Founded in 1955, Studio is a digital retail business which also provides integrated financial services. Studio is one of the largest online value retailers in the UK and provides access to a wide range of products to over two and a half million customers a year.

The transaction resulted in the preservation of over 1500 jobs and the continued operation of the business. 

The Linklaters team was led by Restructuring & Insolvency partners Richard Hodgson and Damien Gomez, who were supported by managing associate Max Krasner and associates Helen Jones and Kajal Kandeth. The team was also supported by colleagues across various specialisms.