DLA Piper has announced its involvement in the acquisition of iconic British fashion label, Nicole Farhi by fashion and retail entrepreneur, Maxine Hargreaves-Adams.

The acquisition will see Maxine Hargreaves-Adams take on the full Nicole Farhi brand, its six stores, 10 concessions in department stores such as Harvey Nichols and House of Fraser alongside the wholesale business.

Nicole Farhi joins a portfolio which includes womenswear brand, Fenn Wright Manson, which Maxine acquired in 2012 and A Damsel in a Dress in which she invested.

The deal was led by restructuring partners, Rob Russell and Martin Keates who were supported by the employment, commercial and property teams at DLA Piper.

Rob Russell, Restructuring Partner at DLA Piper stated: "Nicole Farhi is an iconic British fashion brand which has underperformed in recent years. Twinning its loyal customer base with our client's retail expertise bodes well for the future of the business"

"This project is our most recent in a series of high profile retail restructuring mandates. As the largest restructuring practice in the UK, we have demonstrated once again our capacity to exceed client expectations and complete the most complex of deals in the shortest of timescales."

Zolfo Cooper, acted as administrators of Nicole Fahri.

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