Burges Salmon advises joint administrators from FTI Consulting on sale of Côte
Burges Salmon’s Corporate Restructuring and Insolvency team has advised Matthew Callaghan, Andrew Johnson and Lisa Rickelton of FTI Consulting LLP, as joint administrators of Côte Restaurants Group Holdings Limited (and other Group companies), on the sale of the business and operating assets of the companies.
The Côte brand has been operating for approximately thirteen years and in 2020 had 98 French-styled brasseries across the UK.
The transaction secured the immediate future of 94 of the restaurants and all of the 3,148 employees working under the Côte brand have transferred to the purchasers.
The Burges Salmon team advising on the transaction was led by partner Andrew Eaton and director Emily Scaife.
Andrew said: “We are delighted to have worked with FTI Consulting on this sale in order to secure the future of Côte. We wish the business well as it navigates through the Coronavirus pandemic.”