Web Shark’s Acquisition of Yogibo

Burns & Levinson represented New Hampshire-based Yogibo LLC in the company’s sale to Web Shark Co., Ltd.

The acquisition of Yogibo, which is known for its innovative bean bag furniture that molds to the user’s body, was completed on December 30, 2021 and was announced by Web Shark on January 12, 2022.

The Yogibo brand was founded in 2009 by Eyal Levy, who will remain as CEO of the company. In 2014, Web Shark became Yogibo’s sales agent in Japan. Today, Yogibo has approximately 130 stores worldwide in the U.S., Japan, Canada, South Korea, Taiwan, Thailand, Singapore, and the Netherlands.

The Burns & Levinson deal team was led by partner Gil Breiman (Picture) with significant contributions from partner Alex Khalarian and attorneys Michael Andreasen, Lauren Barrett, and Rodney Bedow, along with support from other specialists at the firm.

Involved fees earner: Michael Andreasen – Burns & Levinson LLP; Lauren Barrett – Burns & Levinson LLP; Rodney Bedow – Burns & Levinson LLP; Gil Breiman – Burns & Levinson LLP; Alex Khalarian – Burns & Levinson LLP;

Law Firms: Burns & Levinson LLP;

Clients: Yogibo LLC;

Sonia Carcano

Author: Sonia Carcano