21st November 2023
The Walker Morris Food & Drink team have advised Rainbow Dust Colours (RDC), a subsidiary of Real Good Food plc (RGF), on the sale of its business and certain assets to European Fermentation Products Limited.
The sale will provide RGF’s subsidiary, JF Renshaw, cash to help fund its working capital during the busy period in the run up to Christmas and to leverage its recently completed, and successful, programme of radical reform.
The assets being sold included plant and machinery, inventory, domain names and trademarks.
Specialist lawyers from the Food & Drink team advised RGF. The team was led by corporate partner, Richard Naish, and supported by Evelyn Lewzey, Ellie Foster (Corporate), Claire Askew and Joshua Waddington (Banking & Finance) and Hannah Levy (Real Estate).