Word is out that Inflexion Private Equity is seeking to sell the 27 per cent stake in Jack Wills which it has held since 2007. The multichannel retailer which targets well heeled teens (with hefty allowances) has been loss making for the last two years and its founding director Peter Williams returned to the business as CEO last year to turn the business back into profit. The original plan had been to list the business and embark upon extending the number of stores overseas. Jack Wills has 65 stores in the UK and 19 overseas in locations including Singapore, Hong Kong and Macau.
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