Taylors assist Aligro UK in acquiring iconic brand Henri Lloyd

By Taylors Solicitors

14 Jun 2018

With assistance from Taylors Corporate Restructuring team, Henri Lloyd the iconic brand of sailing and leisure wear will continue to trade.

Henri Lloyd was established in Manchester in 1963 and went into administration on 11 June 2018. The company operated a number of retail shops and outlet stores, as well as 20 concessions in struggling retailer House of Fraser stores nationwide.

In recent years Henri Lloyd had faced difficult trading conditions on the high street as well as competition from emerging brands. Taylors client Aligro Group Limited acquired the Henri Lloyd brand earlier this year.

In May 2018 Aligro backed by a Swedish investor completed a rescue funding package as a prelude to a longer term re-structure plan. However the company was unable to trade out of its difficulties and entered administration in order to salvage the viable part of the business and to protect the brand.

Following the appointment of administrators Aligro UK Limited completed the acquisition of five retail locations at Salcombe, Dartmouth, Cowes, Lymmington and Cheshire Oaks. The transaction secures the presence of the Henri Lloyd brand in key locations and secures 44 jobs. Aligro is now committed to taking the brand to new heights with a global presence.

Andrew Livesey, corporate re-structuring partner and head of Taylors Manchester Office who lead the Taylor’s team said “We are pleased to have been able to assist Aligro UK in the acquisition of the Henri Lloyd brand and it's retail division. The deal represents the best outcome which could be achieved in the circumstances and ensures that a great British brand will continue in existence and go from strength to strength.”

Andrew was assisted by partner Stuart Beatson, associate Matthew Catterall and assistant Solicitor Rebecca Daniels. With offices in Lancashire and Manchester, Taylors are a commercial law firm exclusively acting for company clients. The dynamic and highly experienced lawyers at Taylors are committed to providing the highest quality service through a first-hand understanding of our clients’ business priorities and specific requirements.

Latest news

1

Forbes makes Manchester move Forbes Manchester

Forbes makes Manchester move

15 Apr 2024

2

Blackpool approves plans for pair of apartment complexes New South Promenade Apartments Visuals

Blackpool approves plans for pair of apartment complexes

12 Apr 2024

3

Distinguished engineer takes senior role at Lancaster University Rebecca Lingwood

Distinguished engineer takes senior role at Lancaster University

11 Apr 2024

4

International building supplies firm to open new plant in Preston New Kerakoll Group Premises Visuals

International building supplies firm to open new plant in Preston

11 Apr 2024

5

Made Smarter and AMRC North West join forces to demystify digital transformation AMRC NW.jpg.jpg

Made Smarter and AMRC North West join forces to demystify digital transformation

15 Apr 2024

Hwc 2024 Email Signature 980x120
Background image for hub sign up block

LBV Hub

Reach 50,000 members of the Lancashire business community

Post your news
Post your events
Post your offers
Company profile
Social reach
Magazine coverage
Sign-up
Events
Health and Wellbeing Conference 2024
Hwc 2024 Social Media 1200px 1
Networking
23 Apr 2024

Health and Wellbeing Conference 2024

Crow Wood Hotel, Burnley , BB12 0RT

08:30 - 13:00

Help to Grow Management Course
HTG2.png.png
LBV Hub Seminars
15 Apr 2024 - 17 Jul 2024

Help to Grow Management Course

Preston Campus , Preston , PR1 2HE

09:30 - 14:00

Business Networking in Blackburn - BNI Vista
EVENT LISTING SIZING Vista.png.png
LBV Hub Networking
16 Apr 2024

Business Networking in Blackburn - BNI Vista

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:45 - 08:30

Business Networking in Chorley - BNI Endeavour
EVENT LISTING SIZING Endeavour.png.png
LBV Hub Networking
16 Apr 2024

Business Networking in Chorley - BNI Endeavour

Oak Royal, Bury Lane, Chorley, PR6 8SW

06:30 - 08:30

Business Networking in Lancaster - Eden Business Network
EVENT LISTING Eden Business Network.png.png
LBV Hub Networking
17 Apr 2024

Business Networking in Lancaster - Eden Business Network

The Borough, 3 Dalton Square, Lancaster, LA1 1PP

18:30 - 20:30

Business Networking in Accrington - BNI Zeus
EVENT LISTING SIZING Zeus.png.png
LBV Hub Networking
17 Apr 2024

Business Networking in Accrington - BNI Zeus

The Mill House, Corn Mill Yard, Accrington, BB5 5HX

06:45 - 08:30

Business Networking in Preston - BNI Diamond
EVENT LISTING BNI Diamond.png.png
LBV Hub Networking
17 Apr 2024

Business Networking in Preston - BNI Diamond

The Marriot Hotel, Garstang Road, Broughton, PR3 5JB

07:15 - 09:00

Cyber Secure 360: Safeguarding Your Digital World
CyberSecure 360 LBV-32.png.png
LBV Hub Seminars
18 Apr 2024 - 18 Apr 2024

Cyber Secure 360: Safeguarding Your Digital World

Accrington Stanley, Accrington, BB5 5BX

08:30 - 12:00

Business Networking in Burnley - BNI Kudos
EVENT LISTING BNI Kudos.png.png
LBV Hub Networking
18 Apr 2024

Business Networking in Burnley - BNI Kudos

Prairie Sports Village, Windemere Avenue, Burnley, BB10 2FU

06:45 - 08:30

Business Networking in Preston- BNI Brunch
EVENT LISTING SIZING Brunch .png.png
LBV Hub Networking
19 Apr 2024

Business Networking in Preston- BNI Brunch

Samlesbury Preston Hotel, Preston New Road, Preston, PR5 0UL

09:30 - 11:00

The Pro Club
Untitled design (6).png.png
LBV Hub Networking
19 Apr 2024

The Pro Club

Fraser House, Lancaster, LA1 4XQ

09:30 - 12:30

Business Networking in Blackburn - BNI Infinity
EVENT LISTING BNI Infinity.png.png
LBV Hub Networking
19 Apr 2024

Business Networking in Blackburn - BNI Infinity

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:30 - 08:30

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more Lbv115 Online Graphic
Subscribe now

Weekly news bulletin