Upscale apparel retailer Jaeger has been
acquired by private equity vehicle Better Capital. The deal sees
Better Capital take a 90 per cent stake in the Jaeger business for
£19.5 million. Jaeger’s audited revenues for the year to
28th February 2011 were £94 million while operating profit
was £1 million. The acquisition follows the buyout of
double-glazing firm Everest by Better Capital
last month.
Raj Ramoutar, formerly head of operations at Fortnum &
Mason and head of mail order and web operations at
Cath Kidston, has joined pottery firm
Emma Bridgewater as head of logistics and
customer service, reports Staffordshire’s newspaper the Sentinel.
Direct Wines and Go Outdoors
are among the top 20 British private firms with the
fastest-growing profits. That’s according to the latest Profit
Track 100 report published yesterday by the Sunday
Times. Reading-based Direct Wines is placed at number 11
after it saw profits increase from £1.9 million in 2008 to
£14.7 million last year. Go Outdoors, which ranks at number
18, grew profits from £987,000 in 2008 to £7 million in
2011. Other multichannel retailers on the list include
Cath Kidston (47), Chain Reaction
Cycles (50), Phase Eight (61),
Charles Tyrwhitt (67), Office
(70), Jack Wills (81), and
Wiggle (89). Apparel retailer Mint
Velvet made the Profit Track’s “ones to watch” list
after sales quadrupled in the past year to £12 million.
The Dolls House Emporium is featured in the Daily Mail about its recent royal license.
The CatEx DCA website covered the news in
March.
“Best Buy’s problems should be a cautionary tale for UK
retailers”, writes the Guardian‘s US business editor.
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