Kelso has acquired two million ordinary shares in The Works which equates to 3.2 per cent of the issued share capital of the retailer.
The Works operates 525 stores across the UK as well as an online business and generated £280.1m to year ended 30 April 2023.
A spokesperson from Kelso said: “Kelso believes strongly in the strategy and product range of The Works. Arts and crafts, puzzles, games and books have an important place in life especially when focused at the value end of the product spectrum. We are very excited about our new investment and helping restore the intrinsic valuation of The Works which we believe is significantly higher than the current price.”
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