Fat Face on the block


Fat Face on the block

Fat Face which was taken over by its lenders in a debt for equity deal is now understood to be seeking a buyer. Reports are that the retailer has appointed Rothschild to explore its options having achieved an increase in sales to £125 million for the six months to November 27th. It had filed sales of £165 million for the year to May 29th 2021 during a year which saw its online sales boom but was difficult for its stores due to lockdowns. Over 20 stores were closed permanently and a total of 600 jobs were lost across the business, its then CEO Liz Evans left for George and was replaced by CFO Will Crumbie.

The retailer serves a 40+ customer, has 193 UK stores, 22 in the US and also trades online in its own right as well as via 3rd party sites.

Share

Twitter Facebook LinkedIn WhatsApp

Related News


Cath Kidston on the block

Sign up to receive our newsletter