Geoff O'Dea, Priyanka Usmani and Will Sugden of global law firm Baker McKenzie LLP have advised Zelf Hussain, Robert Lewis and Rachael Wilkinson of PricewaterhouseCoopers LLP as joint administrators of Paperchase Products Limited, an international retail chain of stationery stores.
The Administrators were appointed on Thursday, 28 January 2021 amid the widely publicised challenging retail environment. Shortly after their appointment, the Administrators entered into a sale agreement in which a newly incorporated company acquired the Group's e-commerce business, as well as the retail business carried on at certain Paperchase stores.
The Baker McKenzie team was led by London Finance partner, Geoff O’Dea, senior associate Priyanka Usmani and associate Will Sugden, working alongside a team of specialists from the Firm's Real Estate, Employment and IP/IT practice group.
Baker McKenzie's London-based restructuring and insolvency team boasts a wealth of experience across the range of restructuring and refinancing tools. We advise the full spectrum of stakeholders on distressed situations including creditors, debtors, insolvency practitioners and trustees/agents.