Partner Sophie Burke from our Insolvency & Restructuring team and India Desk recently advised Bhagat Industries (BIP Group) on its acquisition of the assets of Thomas Goode & Co Ltd. BIP Group is a diverse Indian group operating in the real estate, hospitality and publishing sectors who used the acquisition of the British brand into opportunity to expand its presence in the luxury retail market.
Established in 1827, Thomas Goode has an extensive, almost 200-year history in the luxury retail industry, specialising in British homeware, gifting, and lifestyle, most famous for their connections to the English Royal Family.
Navigating the matter’s complex cross-border elements required an integrated approach. We drew on the collective expertise of our insolvency and art teams, as well as specialists from our India desk to ensure the success of the acquisition for our client. Further supported by associates Ben Milloy and Tyler Hilborne, Sophie combined a collaborative team approach and on the ground expertise, to provide a tailored service specific to the needs of BI Group.
Shashank Bhagat, Chairman at BIP Group, had this to say about working with Fladgate: “It was a pleasure working with Sophie Burke, Ben Milloy and Tyler Hilborne. They are very detail oriented & efficient. Given the complex nature of this acquisition Sophie was always available, even on weekends! One of the best teams I have worked with and look forward to working with them in future.”
