Shepherd & Wedderburn acquire Tods Murray, anticipate layoffs
Shepherd & Wedderburn has acquired Tods Murray out of administration. Tods Murray had a 158 year history but reportedly the maintenance costs of its office in Edinburgh's Fountainbridge proved too difficult to sustain.comments powered by Disqus
Shepherd & Wedderburn acquire the business and assets and included are 138 people on its payroll. It's expected at least 50 positions will become redundant through the acquisition. However, eighteen join Shepherd & Wedderburn as partners, five join as directors, and seven join as consultants.
After the deal is completed, Shepherd & Wedderburn will have 564 staff, 82 of whom are partners..