Debevoise & Plimpton LLP has advised the Marandi Family in its acquisition, through a company controlled by the family, of The Conran Shop from Conran Holdings Ltd.

The investment by the Marandi Family will see it acquire 100% of the business and its assets, including the two London stores in Chelsea and Marylebone as well as The Conran Shop in Paris.

Founded by Sir Terence Conran in 1973, The Conran Shop has established itself as one of the leading lifestyle retailers in the world, offering an eclectic, hand-selected collection of gifts, furniture, lighting and personal accessories from some of the world’s most respected designers and emerging talents.

Sir Terence Conran has been the ultimate owner of the business since its inception, and will remain involved with The Conran Shop business.

The Marandi family invests in the UK and continental Europe, primarily in branded consumer businesses, retail and property.

The Debevoise team advising the Marandi family on the acquisition was led by partner E. Raman Bet-Mansour, and included associates Hilary Davidson and Jake Grandison. Tax advice was provided by partner Richard Ward.