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Jack Wills’ investor to sell minority stake

By Angela Gonzalez-Rodriguez

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Management

British fashion brands might see some of its equity change hands in the next weeks as one of its investors is reportedly looking to divest from the business.

Both ‘The Times’ ad ‘The Guardian’ reported that Jack Wills could bring in new investors after it was reported that its private equity, Inflexion Private Equity, is keen to sell its minority shareholding.

Inflexion Private Equity owns a 27 percent stake in the company, known for catering to wealthy teens.

The retailer is controlled by its chief executive and founder Peter Williams, who owns 52 percent. Williams founded the business, which is named after his grandfather Jack Williams, with university friend Robert Shaw.

Launched in Devon in 1999, the brand has gone through turbulent times in the past years as has been loss-making for several years, being forced to shut down its sister brand Aubin & Wills in 2012.

Inflexion is said to be keen to dispose of a shareholding it has owned since 2007, according to sources close to the matter quoted by the ‘Sunday Times’.

It’s worth of recalling that Jack Wills abandoned plans to list on the Stock Exchange last year.

The last accounts filed at Companies House for parent company Wills Lifestyle Holdings show the group making a 14 million pounds loss on sales of 132 million pounds in the year to 1 February 2015.

Jack Wills recently announced plans for 10 new stores in the UK and Asia having increased its credit facility with principal lender HSBC from 20 to 30 million pounds, publishes ‘The Guardian’.

Inflexion reportedly looking to sell 27 percent stake in Jack Wills

Jack Wills