Media Release | 9 December 2021
Hall & Wilcox has advised the shareholders of the Focus on Furniture group on its $80 million sale to Adairs Limited.
The acquisition is a strategic fit for Adairs, with attractive growth potential. It will further develop the Adairs group as a leading homewares and home furnishings omni-channel retail group operating across Australia and New Zealand, and will increase their product offering in the key area of home furniture. Focus on Furniture will continue to operate independently of Adairs.
The Hall & Wilcox team advised on all aspects of the sale. Partner Deborah Chew led the team, assisted by Senior Associate Vanessa Murphy and Lawyers Joy-Yi Zhao and Michael Henderson. Partner Philip Hopley advised on the insurance aspects of the transaction, Partner Michael Parker advised on tax aspects, while Partner Mark Dunphy and Senior Associate Nhu Thuy Dinh advised on employment matters.
Commenting on the deal, Partner Deborah Chew said: ‘The transaction was a great example of the benefits that can flow from matching a terrific business with the right buyer. We were very pleased to have had a role in Focus on Furniture’s move to become part of a portfolio of brands that will give it a platform for continued growth.’
Focus on Furniture is a vertically integrated omni-channel furniture and bedding retailer with a national footprint and online presence.
Hall & Wilcox is a leading independent Australian law firm of around 850 people including over 100 partners, delivering outstanding legal services to corporate, public sector and private clients, both Australian-based and those offshore doing business in Australia. The Hall & Wilcox Mergers & Acquisitions team is widely recognised, including being listed in The Legal 500.
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