Mohindra Maini LLP acted for Manchester-based textile firm Beamfeature Limited regarding its recent investment into Life & Style Retail Limited.  Suresh Ruia of Beamfeature Limited has taken an equity stake in the Life & Style business of Elaine McPherson.  This business was formerly known as Ethel Austin.  Following a sizeable injection of funds into Life & Style Retail Limited, Suresh Ruia joins her as a major shareholder in this entity.  Suresh Ruia commented “Our experience and knowledge of product sourcing complements Elaine retail expertise perfectly”.

This investment remains an integral part of Life & Style’s growth strategy following its previous acquisitions of the business and assets of Au Naturale and Ethel Austin brands.  Suresh Ruia will continue to operate Beamfeature. This Manchester-based company (with factories in India and China) supplies textiles to a number of major players in the UK high street retail market.