Travers and Freshfields head up launch of new Tesco-backed coffee venture
Travers Smith and Freshfields Bruckhaus Deringer have advised on the establishment of a new Tesco-backed coffee venture called Harris & Hoole. Tesco has reportedly taken a 49% share in the new business, with independent coffee outlet Taylor St Baristas holding the majority stake.
August 22, 2012 at 07:03 PM
2 minute read
Travers Smith and Freshfields Bruckhaus Deringer have advised on the establishment of a new Tesco-backed coffee venture called Harris & Hoole.
Tesco has reportedly taken a 49% share in the new business, with independent coffee outlet Taylor St Baristas holding the majority stake.
The first Harris & Hoole shop opened in Amersham, Buckinghamshire, on 18 August, with further shops set to open in Ruislip and Uxbridge as part of a wider roll-out.
Taylor St was assisted by a Travers team led by corporate partner Paul Dolman, along with head of intellectual property Dan Reavill and senior associate Ben Chivers.
Meanwhile, Tesco was advised by a Freshfields team including relationship partner Claire Wills and corporate partner Natasha Good.
Taylor St was first established in 2006 is currently based in seven locations across London and Brighton.
Commenting on the deal, Dolman said: "This was an exciting and innovative transaction, bringing together the entrepreneurship and knowhow of a relatively small artisan coffee business with the financial backing of a retail heavyweight."
The news comes after Herbert Smith and Linklaters earlier this year advised on the $617m (£382m) sale of European coffee business United Coffee to Japanese coffee business UCC Holdings, in a deal expected to see the combined entity become one of the five largest independent coffee companies in the world.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Latham, Skadden Among Firms Acting on Mubadala's $3.4 B Acquisition of CI Financial
3 minute read
Latham, Jones Day and Wachtell Lead on Anglo American's $3.8B Coal Business Sale
2 minute read
Trending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
