Kingston Smith & Partners secures purchase of MADE-BY’s key assets
Kingston Smith is pleased to announce the sale of intellectual property assets of MADE-BY, the European sustainable clothing adviser, to Anthesis Group, the global sustainability consultancy.
Brian Baker of Kingston Smith & Partners LLP, the corporate recovery and insolvency arm of the top 20 accountancy and business advisory firm, was appointed liquidator by Hilco Streambank – the specialists in selling intangible assets. Kingston Smith’s restructuring team creates positive outcomes from difficult situations by guiding businesses towards a successful recovery.
MADE-BY is an award-winning global not-for-profit organisation, which acts to improve environmental and social conditions within the fashion industry. It has worked with top fashion brands including Hugo Boss, Ted Baker, Tommy Hilfiger and G-Star. Its Head of Sustainable Product and Story Holly Browne and Head of Sustainable Design & Partnerships Ria Kearney have both joined Anthesis.
Brian Baker of Kingston Smith & Partners commented: “Given all the good work that MADE-BY had carried out, and the impact its work was having on the sector as well as the environmental implications, we were determined to find a home for the key assets. We’re delighted Hilco Streambank has been successful and this work can now continue through Anthesis Group.”