{"id":161120,"date":"2019-03-27T11:37:16","date_gmt":"2019-03-27T11:37:16","guid":{"rendered":"https:\/\/www.theindustry.fashion\/river-island-family-takes-full-control-of-mint-velvet\/"},"modified":"2021-08-12T13:55:33","modified_gmt":"2021-08-12T13:55:33","slug":"river-island-family-takes-full-control-of-mint-velvet","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/river-island-family-takes-full-control-of-mint-velvet\/","title":{"rendered":"River Island family takes full control of Mint Velvet"},"content":{"rendered":"<p>The family behind River Island has taken full control of premium women's fashion group River Island in a move that is said to <strong>value the business at around \u00a3100m.<\/strong><\/p>\n<p><!--more-->The Lewis Trust Group first invested in Mint Velvet in 2015 (the business was founded in 2012) and has now taken full control. The brand's founders <strong>Peter Davies, Liz Houghton and Lisa Agar-Rea will share a payout<\/strong> as a result of the deal; Houghton and Agar-Rea will remain at the helm of the business.<\/p>\n<p>Davies, who made his first fashion fortune with the Principles and Warehouse brands, will remain a non-executive director.<\/p>\n<p>Accounts for Mint Velvet's parent Sabre Retail Fashion, show <strong>sales of just over \u00a3100m in the year to April 2018<\/strong> with an adjusted EBITDA of \u00a317.3m and operating profit of \u00a313.9m.<\/p>\n<p>At the time the business <strong>operated from 165 locations,<\/strong> including 40 standalone stores, 116 concessions, three franchises and six websites.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":133778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[6,10494],"tags":[14221,14220,14217,14219,10758],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>River Island family takes full control of Mint Velvet - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"The family behind River Island has taken full control of premium women&#039;s fashion group River Island in a move that is said to value the business at around\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theindustry.fashion\/river-island-family-takes-full-control-of-mint-velvet\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"River Island family takes full control of Mint Velvet - TheIndustry.fashion\" \/>\n<meta property=\"og:description\" content=\"The family behind River Island has taken full control of premium women&#039;s fashion group River Island in a move that is said to value the business at around\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theindustry.fashion\/river-island-family-takes-full-control-of-mint-velvet\/\" \/>\n<meta property=\"og:site_name\" content=\"TheIndustry.fashion\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/theindustryfashion\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-27T11:37:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-12T13:55:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2021\/07\/Mint-Velvet.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lauretta Roberts\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:site\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lauretta Roberts\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.theindustry.fashion\/river-island-family-takes-full-control-of-mint-velvet\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/river-island-family-takes-full-control-of-mint-velvet\/\"},\"author\":{\"name\":\"Lauretta Roberts\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/85b04a16eba8c6cd7a9534c5a4262b89\"},\"headline\":\"River Island family takes full control of Mint Velvet\",\"datePublished\":\"2019-03-27T11:37:16+00:00\",\"dateModified\":\"2021-08-12T13:55:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.theindustry.fashion\/river-island-family-takes-full-control-of-mint-velvet\/\"},\"wordCount\":155,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"keywords\":[\"Lisa Agar-Rea\",\"Liz Houghton\",\"Mint Velvet\",\"Peter Davies\",\"River Island\"],\"articleSection\":[\"News &amp; 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