Corporate restructuring and insolvency lawyers in the Bristol head office of national firm Burges Salmon have chalked up another deal involving a failed retailer as the high street shake-out continues.
The team has advised administrators from accountancy firm BDO on the sale of 44 Bathstore.com outlets to DIY chain Homebase.
The deal, which also includes intellectual property and stock, has secured the jobs of the 154 Bathstore.com employees.
The specialist bathroom retailer fell into administration last month when it failed to find a buyer. It blamed the slowdown in the housing market and ongoing consumer uncertainty for the collapse.
The Burges Salmon multi-disciplinary team was led by corporate restructuring and insolvency head Andrew Eaton, assisted by senior associate Emily Scaife. 
Andrew, pictured, said: “We are pleased to have advised the Administrators on this deal, which has helped secure the brand and a significant number of stores of Bathstore.com.”
The firm has advised on a number of high street restructuring mandates recently, including private equity firm Causeway Capital Partners on its acquisition of collapsed café chain Patisserie Valerie.
Homebase said it plans to launch ‘a significant number’ of Bathstore concessions in its larger stores over the next year and a half following the acquisition of the Bathstore.com brand.
Some 90 Bathstore.com outlets were not included in the deal and are now being closed as their stock is sold off. Bathstore.com’s two Bristol outlets are included in the Homebase deal.
