Case study: Rubicon Retail

Corporate advice to owners of a leading fashion house

Pinsent Masons advised the selling shareholders of Rubicon Retail on its high profile £140 million sale to The Shoe Studio Group.

Rubicon Retail owns the leading fashion chains Principles and Warehouse, which they have operated successfully since they were acquired from Arcadia in a management buy out which completed in August 2002.

The Shoe Studio Group owns leading footwear brands such as Pied a Terre, Bertie, Roland Cartier and Roberto Vianni.

Pinsent Masons has been the legal adviser to Rubicon Retail since acting on the negotiations with Arcadia in 2001. As well as advising on the management buy-out, the team at Pinsent Masons, led by London private equity partner Roger Fink, has acted on the sales of Racing Green and Hawkshead (also acquired from Arcadia) and on the purchase of Arcadia's investment in Rubicon and associated refinancing.

The sale of Rubicon Retail to The Shoe Studio Group has created one of the largest privately owned fashion houses in the UK.

See: Rubicon Retail