×
64 999
Fashion Jobs
MICHAEL KORS
Sales Supervisor
Permanent · Corpus Christi
NEIMAN MARCUS
Loss And Prevention Associate
Permanent · Houston
NORDSTROM
Asset Protection - Agent - Rivers Edge Rack
Permanent · Indianapolis
NORDSTROM
Asset Protection - Agent - Fulton Street Rack
Permanent · New York
NORDSTROM
Asset Protection - Security Ambassador - The Rim Rack
Permanent · San Antonio
NORDSTROM
Business Analyst 1st Shift Tuesday-Saturday Wcoc- Riverside, ca
Permanent · Riverside
MACY'S
Manager, Business Administration
Permanent · Miami
MACY'S
Manager, Business Administration
Permanent · Memphis
MACY'S
oc Support Business Analyst ii
Permanent · Deerfield Township
MACY'S
Asset Protection Detective, Oak Court - Part Time
Permanent · Memphis
MACY'S
Asset Protection Captain, Pentagon City - Full Time
Permanent · Arlington
MACY'S
Asset Protection Detective, Alderwood - Full Time
Permanent · Lynnwood
MACY'S
Manager, Business Administration
Permanent · Denver
BLOOMINGDALE'S
Manager, Sales - Mens And Young World
Permanent · Boca Raton
OLD NAVY
General Manager - Nashville West
Permanent · Nashville
OLD NAVY
Asset Protection Service Representative - Gosford Village
Permanent · Bakersfield
ULTA BEAUTY, INC.
CO - Sales Manager
Permanent · Springfield
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Redmond
LULULEMON
Assistant Manager, Operations | Legacy West
Permanent · Plano
LULULEMON
Assistant Manager, Operations | Clackamas
Permanent · Happy Valley
LULULEMON
Assistant Manager, Operations (Permanent) | San Luis Obispo
Permanent · San Luis Obispo
LULULEMON
Assistant Manager, Operations | Maryland Plaza
Permanent · St. Louis
Published
May 23, 2022
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Fat Face appoints bankers to look at possible sale

Published
May 23, 2022

The owners of Fat Face are believed to have taken on bankers to advise it about a sale of the UK-based clothing and accessories retailer.


Photo: Sandra Halliday



A report in the Sunday Times said they’ve appointed Rothschild to look at strategic options, including a possible sale of the business.

It’s a key step that comes after a troubled period for the firm that was formerly owned by Bridgepoint Capital. It had bought the business in 2007 for £360 million. However, at the height of the pandemic in mid-2020 with its debt load crushing it, a consortium of its lenders took over the firm in a debt-for-equity deal. 

That transaction slashed its debt and meant it could continue trading. It also refinanced recently with a new revolving credit facility until 2027 and has plenty of cash to get it through the next few years.

So if a sale happens, it clearly won’t be on fire-sale terms with the company now in a much better position that it once was. Its sales are back at pre-pandemic levels and in the six months to last November, they were £125 million and were 4% higher than they were before Covid struck, with 38% of its sales happening online.

In another sign of confidence, earlier this month, Fat Face named a new COO with the company promoting its global operations director Mark Wright to the newly-created post with immediate effect.

Copyright © 2022 FashionNetwork.com All rights reserved.