TP’s Insolvency and Restructuring team have advised on a deal which has seen the business of Just for Pets rescued following administration.
PSR Trading Limited has acquired the national chain, which announced its collapse in September. The deal confirms that 18 of the 25 stores will continue to operate with approximately 200 jobs being saved.
TP’s Head of Insolvency Mark Lund and Associate Laura Lucas advised joint administrators Ben Barrett and John Carpenter of Dow Schofield Watts on the transaction. Laura commented: “We were delighted to assist the administrators in ensuring the survival of a long-established business which has saved almost 200 jobs and has preserved the future of this well-known retail chain".
This deal has also received coverage from the BBC.