Bidding for Jack Wills is getting under way with reports saying six interested parties are in the race. They’re said to include the UK’s two most acquisitive retail tycoons, Mike Ashley and Philip Day.
The latest yearly results from Jack Wills may not have been bad on the sales front but margins have been heavily under pressure and that was bad news for profits, although the firm said recent results have been better.
A major investor in London department store Liberty is exploring a sale of its stake in the business, according to a report, with private equity company BlueGem having “asked UBS to sound out prospective bidders.”
Preppy fashion chain Jack Wills has returned to profitability two years after Peter Williams returned to head the struggling firm. The secret of its success? A full-price focus, careful store expansion and omnichannel.
The DMC company, a jewel in the French textile industry's crown, will be acquired at the end of July by British investment fund BlueGem. The announcement was made on Friday by DMC's management, from its Mulhouse headq...