Newcastle fashion retailer aims for expansion following acquisition by US firm

A multinational investment company has announced that it has acquired a majority stake in a North East fashion retailer.

END, a luxury, streetwear and sportswear retailer headquartered in Newcastle, has been acquired by The Carlyle Group, an investment company based in the United States.

The companies have said that the acquisition will support END’s expansion nationally and internationally.

END currently has annual revenues of around £170m, employing more than 650 people in the UK.

Law firm Womble Bond Dickinson (WBD) has advised END. on the acquisition.

WBD partner Ben Butler commented: “We are all immensely proud to have been involved in advising Christiaan and John [founders of END] on this latest transformational transaction.

“Carlyle Group’s investment will allow the acceleration of END.’s growth plans and we are all extremely excited about the future for this stand out North East brand.

“We are always delighted to be able to support clients throughout their corporate journey and help to deliver their key strategic objectives.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →

Source


More from: | Category: M&A News