Pinsent Masons advises Grant Thornton on the pre-pack sale of CB Imports

02 Dec 2020 | 11:48 am | 1 min. read

Multinational law firm Pinsent Masons has advised joint administrators, Christopher Petts and Richard Lewis of Grant Thornton UK LLP, on a pre-pack administration sale of the business and assets of CB Imports, trading as "Country Baskets."

Under the deal, Country Baskets (floristry retailer and wholesaler) agreed to the sale of the majority of the business and assets as a going concern to APAC – a Leicester based importer and distributor of floristry and horticultural products. The acquisition by APAC will see 200 jobs saved.

Restructuring partner Dawn Allen led the Pinsent Masons’ team, assisted by Senior Associate Faith James and Associate Laura Labunet, with a multidisciplinary team of advisers providing specialist support: Jon Fisher (Employment), John Edwards (Property), Andrew McCarthy (Tax) and Mark McCall (Property).

Commenting on the deal Dawn Allen said:

"We are proud to have advised the administrators on the pre-pack administration sale of the business and assets of CB Imports. The business, which has its roots in Yorkshire, has been given a new lease of life under the ownership of APAC, a well-established trader in the sector. The sale of the business will secure the employment of over 200 people and operations will continue at five of the eight stores."

Christopher Petts, Grant Thornton UK LLP added:

 "We are very pleased to have completed a going concern sale of large parts of the business, which secures the continued employment for a loyal workforce in these challenging economic times, particularly in the run up to Christmas.

"APAC appears to be a very good home for the business and will hopefully oversee a turnaround in its trading fortunes."

Latest press releases

Show me all press releases

Pinsent Masons MPillay advises Ikigai Ventures Limited on its listing on the Official List (Main Board) of the London Stock Exchange

Multinational law firm Pinsent Masons MPillay has advised Ikigai Ventures Limited, a company acquiring target businesses that have a strong positive social impact and/or environmental, social and governance (ESG) strategy, on its admission to the Official List of the London Stock Exchange.

Pinsent Masons MPillay advises Fintech Asia Limited on its listing on the Official List (Main Board) of the London Stock Exchange

Multinational law firm Pinsent Masons MPillay has advised Fintech Asia Limited, a company acquiring target businesses in the fintech sector, on its admission to the Official List of the London Stock Exchange.

Pinsent Masons advises SOLA Group on renewable energy Power Purchase Agreement

Multinational law firm Pinsent Masons was appointed as sponsors legal counsel and advised South African energy company SOLA Group on its solar power initiative with Tronox, which will transform the manufacturing business’ electricity supply and support its 2050 net zero targets.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Rcapital on the acquisition of the Nasmyth Group

Multinational law firm Pinsent Masons has advised Rcapital on the acquisition of Nasmyth Group, a leading provider of specialist precision engineering services to the aerospace industry.

Pinsent Masons advises on L Catterton’s sale of Sweaty Betty to Wolverine World Wide Inc

Multinational law firm Pinsent Masons has acted as legal advisor to Sweaty Betty, the founders, Tamara and Simon Hill-Norton, and the senior management team, on the $410m sale of global activewear and lifestyle brand, Sweaty Betty, to Wolverine World Wide, Inc. (WWW).

Pinsent Masons appoint Banking and Restructuring partner

Multinational law firm Pinsent Masons has appointed restructuring expert Charles Maunder as a Banking & Restructuring partner within their Finance and Projects group. Charles will commence his role in November.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts