CASE STUDY: SEASALT
WHO IS SEASALT? Seasalt is a thriving national and international clothing brand owned and run by the Chadwick family. The business, which was founded in 1981, is based in Falmouth, Cornwall and has a turnover of £51m. In 2019, Seasalt hired its 1000th employee, making it one of the largest private sector employers in Cornwall. Seasalt was the first Soil Association accredited organic cotton brand. The business has a clear aim to do business responsibly by caring for its people, supporting its surrounding communities and minimising its environmental impact.
HOW MICHELMORES SUPPORTS SEASALT Michelmores has acted for Seasalt since 2016, on a range of legal matters, whilst also supporting the founding members of the brand, and their family, on private client matters. We provide Seasalt with a wide range of ongoing legal advice, including employment, IP, commercial litigation, corporate, tax, real estate and estate planning. In 2018, we acted for Chadwick Holdings Limited (Seasalt’s holding company) in connection with a £13m investment by Business Growth Fund. Santander Corporate and Commercial provided an additional £4.5m in funding, bringing the total investment to over £16m.
We have also recently helped Seasalt to establish its own charitable foundation.
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