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<\/a><\/div>\n<\/div>\nLords said it “acknowledges that the events leading to the acquisition have had an impact on a number of stakeholders, including creditors and suppliers.”<\/p>\n
The firm added: “The pre-pack administration process was undertaken with careful consideration and in close coordination with legal and financial advisers, with the intention of preserving as much business continuity, employment, and value as possible.”<\/p>\n
Dean Murray, CEO of CMO, said: \u201cThe Acquisition marks a new and exciting chapter for CMO. We have built a strong, digitally-led\u00a0 business over the past 15 years, and in Lords we have found a partner that not only understands\u00a0 our model but shares our ambition. I am incredibly proud of what the CMO team has achieved\u00a0 and excited about what is next.\u201d<\/p>\n
Shanker Patel, CEO of Lords, said: \u201cWe are delighted to welcome CMO into the Lords family. CMO brings a well-established digital\u00a0 platform, strong customer reach, and a specialist product-led approach that complements our\u00a0 own. This partnership allows us to blend traditional merchanting strengths with cutting-edge\u00a0 digital capabilities.<\/p>\n
\u201cWe are also mindful of the impact of the pre-pack administration process on affected parties\u00a0 and are committed to conducting the transition with respect. Our focus now is on ensuring a\u00a0 stable and successful future for the CMO business and all its stakeholders.\u201d<\/p>\n
All trading activity continues under the new ownership without interruption. Customers,\u00a0 suppliers, and partners are being contacted directly to ensure continuity and alignment.<\/p>\n
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