ao link
0 £0.00
This item was added to your basket
Credit Strategy homepage
Intelligence, Insight and community for responsible professionals in credit

RSM advises on two deals saving over 700 jobs

RSM has advised on the restructurings of the Thai Leisure Group and Aldo UK, preserving over 700 jobs and protecting over £30m of investment.

The advisory and corporate restructuring firm announced that a CVA for The Thai Leisure Group has recently been approved, having secured 90% support from creditors.


Ian Leigh, managing director of the Thai Leisure Group, said: “We are delighted to have just had our CVA approved. I would like to thank the landlords across our 20 sites and our bank Santander for their ongoing support of our company. I would like to thank our numerous suppliers for standing by us and all our loyal, hardworking employees.


"The CVA allows us to move forward to better times. For their expertise and support throughout the process we are grateful to the team at RSM.”


RSM also advised on the UK trade and assets of Aldo UK, the shoe and accessory retailer, which were sold on September 21 to the Bushell Investment Group (BIG).


Since the appointment of administrators in May, the business has successfully traded during a difficult period in which three additional stores have been opened. Supported by the Aldo Group, this sale maintains and strengthens the Aldo brand within the UK.


Lee Bushell, principal of BIG, said: “This is an exciting opportunity and builds on our recent retail investments. Working with the Aldo Group we believe there is a real opportunity to develop this globally recognised brand in the UK.”


Damian Webb, partner at RSM Restructuring Advisory, said: “These two transactions illustrate that there is a future for traditional retailers. Although trading is difficult it is clear that if parties work closely with their stakeholders it is possible to secure a successful outcome which benefits all parties.”

Please login to continue reading this article.

Not a member?

Become a member

FREE registration. No credit card required

Register now
  • Stay up-to-date with industry news and appointments
  • Hear about events first
  • Read 1 free Premium article per month

Become a premium member

From as little as £3.48 per week

Become Premium
  • All the perks of a standard member plus:
  • Access to the entire Credit Strategy website
  • 12 months subscription to Credit Strategy Magazine
  • 25% discount to all conferences
  • Exclusive access to Premium Member only roundtables
  • 50% off award entry fees



PSR publishes five-year strategy for improved payments market

PSR publishes five-year strategy for improved payments market

Clearpay’s parent company records 110% profit growth

Clearpay’s parent company records 110% profit growth

Klarna records year-on-year operating income increase

Klarna records year-on-year operating income increase

Upcoming events

Credit Strategy
LinkedIn page

Member of

Did you find our website useful?

Thank you for your input

Thank you for your feedback – an online news and information service for the UK’s commercial and consumer credit industry. is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group