Upscale apparel retailer Jaeger has been acquired by private equity vehicle Better Capital. The deal sees Better Capital take a 90 percent 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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