HMT LLP led by partner Paul Read undertook financial due diligence for Downing LLP on its investment in leading retailer of pre-owned luxury goods Xupes.
Xupes has grown from its roots as a family business to one of the leading retailers of pre-owned luxury goods, employing approximately 25 members of staff. As well as selling high-end watches, jewellery, handbags, fine arts and antiques, Xupes also offers servicing and repairs on their luxury goods.
James Lewis, investment director at Downing, commented: “We found HMT to be an excellent DD partner, the process was efficient and flexible. In particular, the communication was clear and timely to ensure that there were no surprises nor delays. We look forward to working with them on future projects.”
Read commented: “We are delighted to have advised Downing on their investment in Xupes. With the rapid development of e-commerce and Downing’ support, Xupes is in strong position to continue its amazing growth. We wish the business every success and look forward to working with them again in the future.”