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Taylors Restructuring Team Advises Supercover GroupTaylors Restructuring Team Advises Supercover Group

» Posted on: 13 March 2009
» Posted by: Rebecca Glancy
» Service area: Business Support & Restructuring

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Leading commercial law firm Taylors were key advisors in the recent restructure of the Bolton based Supercover Group.

The Supercover Group consists of parent company The Supercover Group Holdings Limited and its two trading subsidiaries “Supercover” and “Cosatto” which operate independently in the branded nursery equipment and baby accessories market. Supercover had been trading since 1986 and was established as one of the country’s top suppliers of brand names to the high street.

As with many companies, The Supercover Group Limited has recently been through an extremely difficult trading period, putting the continued success of both itself and its sister company Cosatto (Sales) Limited, under threat. The need to ringfence the Cosatto business was paramount.

Taylors were instrumental in restructuring the group to enable Cosatto, a world leader in the manufacture of nursery brands, including pushchairs and cots, to continue trading forward. (Supercover was placed into administration on 6 March 2009).

As a result, the group directors believe that Cosatto remains a very stable company focused on expanding the Cosatto brand of baby products in the future.

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