Dave’s acquisition thirst quenched
Who?
Dudley's discount off-licence chain Dave's Discount Stores
Did what?
Acquired 14 outlets from First Quench
What does this mean?
A team from West Midlands law firm FBC Manby Bowdler has advised a Dudley-based discount off-licence chain on its acquisition of 14 former Thresher and Wine Rack stores from the First Quench group, which went into administration at the end of October. Dave's Discount Stores, which already has a number of retail outlets in the Midlands, has acquired the units from administrator KPMG and plans to continue to trade at the stores, which are located across the Midlands and South of England, safeguarding the jobs of all staff.
Who advised?
Led by corporate partner Kam Johal, the FBC Manby Bowdler team consisted of commercial property partner Andrew Wynne and solicitor Rebecca Taylor, employment partner Tracy Worthington and associate Pete Collins, and licensing associate David Campbell.
Insider comment:
"This acquisition has proved to be a great opportunity for Dave's Discount Stores to grow its turnover and expand its successful business model to new outlets," said Gavin Southall, senior partner of FBC Manby Bowdler.
