FatFace hires bankers as it mulls potential sale
British lifestyle brand FatFace has reportedly hired Rothschild bankers as it considers its strategic options, which could include a potential sale.
In 2020, during the global pandemic Fat Face completed a £15 million refinancing deal that resulted in control of the business passing from its previous majority shareholder, private equity firm Bridgepoint, to its lenders.
Bridgepoint had bought FatFace in 2007 for £360 million.
Sales in the six month period to 27 November 2021 had also increased 4% to £125 million. The company reported that 38% of its sales were online versus 25% two years ago - an increase of
Earlier this month FatFace promoted its Global Operations Director Mark Wright to the newly created role of Chief Operation Officer, with immediate effect.
