BHS Tabletop AG (DB:HUL) acquired 70% stake in John Artis Ltd from John Artis and several fellow Directors for €5.6 million on September 30, 2014. Under the terms of the agreement, BHS Tabletop AG will also pay variable component based on the EBITDA of the next three years. The takeover of John Artis Ltd takes place in two stages: BHS has initially acquired 70% of the shares; the remaining 30% will be transferred in three years. For the financial year 2013, John Artis Ltd generated sales of €12.9 million. The existing management team at John Artis will carry on in their current roles with BHS management supporting the expansion programme. John Artis Ltd will continue to operate from its premises in Chessington. KPMG Rechtsanwaltsgesellschaft mbh acted as a legal advisor for BHS Tabletop. Caroline Litchfield and David Bowcock of Brabners Corporate Partners acted as legal advisors while Stephen Frazer and Chris Johnstone of Frazer Hall acted as financial advisors for John Artis and several fellow Directors. Matthias Michael of Engel & Zimmermann AG acted as communications advisor for BHS.

BHS Tabletop AG (DB:HUL) completed the acquisition of 70% stake in John Artis Ltd from John Artis and several fellow Directors on September 30, 2014.