Harbottle & Lewis has advised the luxury fashion retailer Robinson Webster (Holdings) Limited (t/a Jigsaw) on its recent refinancing and issues arising in relation to its recently approved Company Voluntary Arrangement (CVA).
This refinancing involved the rescheduling and the capitalisation of certain debts and the provision of new funds to finance the company’s new strategy under the CVA.
Founded in 1970, Jigsaw has become a staple on the high street representing high end luxury fashion. Recent challenges felt across the retail sector, exacerbated by the impact of COVID-19, required the company, and its stakeholders, to take the necessary action and to propose a CVA, of which the debt finance and capitalisation was an integral part.
Carlton Greener, Director of Jigsaw’s owner, said: “Harbottle’s pragmatic advice and continuing support through this challenging time has been invaluable. Jigsaw is an iconic British brand and the recent restructuring and CVA will allow us to forge a new future for the business.”