PRESS RELEASE
3 October 2023

Walkers' Guernsey Team Advised Owners Of The YO! Sushi Chain In $621 Million Deal

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Walkers

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Walkers is a leading international law firm which advises on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. From our 10 offices, we provide legal, corporate and fiduciary services to global corporations, financial institutions, capital markets participants and investment fund managers.
Walkers' Guernsey team has advised Tokyo listed Zensho Holdings on the acquisition of the Snowfox Group the owners of the YO! Sushi chain (amongst others) in a $621 million deal.
Guernsey

Walkers' Guernsey team has advised Tokyo listed Zensho Holdings on the acquisition of the Snowfox Group the owners of the YO! Sushi chain (amongst others) in a $621 million deal.

A Walkers team led by Partner Chris Hutley-Hurst advised Zensho on the Guernsey law aspects of the transaction working with lead counsel Nagashima Ohno & Tsunematsu and Gibson Dunn.

The Snowfox Group owns and operates YO! Sushi's 3,000 sushi kiosks in the UK, US and Canadian supermarkets, including 400 YO! outlets in Tesco and Asda, as well as: Sukiya, mainly in East Asia; Advanced Fresh Concepts (AFC) mainly in the US; and The Chicken Rice Shop (TCRS), which operates halal-certified chicken rice shops in Malaysia.

Chris led the Walkers team that included Jessica Robinson, Charlotte Goncalves and Gemma Trencher.

Chris said: "We are very pleased to have worked with NO&T and Gibson Dunn on this transaction, which shows again how popular Guernsey companies are in the structuring of international businesses."

Contributor

Walkers is a leading international law firm which advises on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. From our 10 offices, we provide legal, corporate and fiduciary services to global corporations, financial institutions, capital markets participants and investment fund managers.

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