Europe: Zolfo Cooper statement regarding the sale of Tobar Group Limited

Thursday, 19 January, 2012 - 20:28

19 January 2012

Zolfo Cooper statement regarding the sale of Tobar Group Limited

On 30 December 2011, Peter Saville, Fraser Gray and Anne O‟Keefe of Corporate Advisory and Restructuring specialists Zolfo Cooper were appointed Joint Administrators of Tobar Group Holdings Limited and its subsidiaries (The Group).

Following the appointment, the Administrators continued to trade the business and have now secured a sale of the eight remaining stores plus all the stock, trading names and the wholesale and online businesses to the existing management supported by Primary Capital.

Peter Saville, Partner at Zolfo Cooper said: “We are extremely pleased to have secured the sale of the Group which puts it on a firm footing for the future. We wish the Group and its owners all the best for the future.”

ENDS

For all media enquiries regarding the sale, please contact:

Lucinda Kemeny
MHP Communications
Tel: +44 (0) 20 3128 8758
Lucinda.Kemeny@mhpc.com

About Zolfo Cooper

This press release and „Zolfo Cooper‟ refer to Zolfo Cooper LLP. Zolfo Cooper LLP is a leading international provider of corporate advisory and restructuring services. Headquartered in London, with offices throughout the UK and affiliations in North America, The Caribbean, Continental Europe, Asia and Australasia, we have extensive experience of assisting companies and their stakeholders across a wide range of situations from complex-cross border cases through to mid-market engagements.