MBI of Dinks Limited and Dinks USA Limited by Bags of Potential Limited
HMT, led by partner Mark Lucas and Associate Director Holly Bedford, advised an MBI team on the acquisition of Dinks Limited and Dinks USA Limited (“Dinks”).
Dinks is an importer and distributor of fashionable bags to department stores and high end retail outlets in the UK and USA. The business was founded in 1990, initially supplying bespoke bags to trade outlets, and has since supplied over 10 million bags to clients including Harrods, the Royal Academy of Arts, Macy’s, the Savoy Group and the Wimbledon Championships.
The newly created entity, Bags of Potential Limited, will be led by Ian Brett, the former Managing Director of eFlorist Limited, a highly regarded and successful flower retail business.
Mark Lucas commented:
“HMT are delighted to have helped secure, structure and advise the new management team on the acquisition of this niche retail business. With its enviable client base and premium product offering, Bags of Potential has a bright future and we look forward to working with them again as they embark on their next stage of growth.”
Ian Brett commented:
“I would like to thank HMT for their pragmatic, robust advice throughout the entire transaction. It was a pleasure working with Mark and the team, who provided proactive support that ultimately led to an optimal outcome for all stakeholders.”