Thrings Swindon office has assisted in the sale of
one of the UK’s largest online retailers of violin, viola, cello and double
bass strings, cases and accessories.
The String Zone, established in 2004, has been sold
to musical instruments and accessories distributor Strings & Things for an
Formed in 1975, Strings & Things supplies
musical instruments, accessories and more to retailers across Britain and
Ireland from its West Sussex headquarters.
Under the terms of the transaction,
husband-and-wife team Andrew and Gillian Riley, Directors and principle
shareholders in The String Zone, will remain with the business in the short
term to provide support.
The sale is set to strengthen Strings & Things’
market presence, expand its geographic footprint and extend the range of
products it offers to its fast-growing UK customer base.
The String Zone received legal advice from members
of Thrings’ Swindon-based Corporate team led by partner Simon Hore and
solicitor Conor Melvin. Associate solicitors Amari Rajendran (property
litigation) and Rebecca Whiting (real estate) advised on property-related
Andrew Riley said, “Simon and his team provided us
with constant and patient support throughout a long and very detailed due
diligence and contractual process. Simon’s relaxed and friendly style gave me
the confidence to consult him at any time about any issue of concern, no matter
how trivial and I would unconditionally recommend him and Thrings to anyone
contemplating this sort of process.”
Simon Hore added, “A combination of hard work,
dedication and offering high-quality products and first-class, reliable service
to customers over the past 16 years has earned The String Zone an
industry-leading reputation among the classical string playing community in the
“Thrings is very pleased to have overcome the
challenges presented by the coronavirus outbreak to secure a successful outcome
for all parties involved with this transaction. We would also like to wish
Andrew and Gillian well as they look ahead to a new and exciting next stage in