Bambino Mio, a Northampton-based multi-category consumer goods brand focused on reducing waste through the use of reusable nappies, has been sold after falling into administration.
Kiri Holland and Danny Dartnaill of BDO LLP were appointed Joint Administrators of Bambino Mio Limited on 29 November 2024.
The Joint Administrators completed a pre-packaged sale of the business and assets of the company immediately following their appointment to Demeter Project Limited, a wholly owned subsidiary of Kiddy Cloud Limited.
This transaction has protected the jobs of 22 staff who have transferred to the new owners of the business, as well as providing business continuity for the company’s suppliers and customers.
As part of the transaction, the company’s wholly owned trading subsidiary, Bambino Mio B.V., based in the Netherlands, has also been acquired on a solvent basis.
Kiri Holland, one of the Joint Administrators, said: “Bambino Mio is a well-established consumer business that has experienced similar headwinds to other operators in the sector.
“We are delighted to have secured a sale of the whole business, including its international operations, preserving 22 jobs in the UK and delivering value for creditors and continuity for business stakeholders.”
