Mon, 25 Mar 2013 | BUSINESS SALE
The fashion brand Bench, worn by celebrities such as Lady Gaga and Cameron Diaz, could be facing a sale, The Sunday Times has reported.
Americana, the Manchester-based firm behind the Bench brand and its sister Hooch, has brought in Canaccord Genuity to undergo a strategic review. A sale of the group may be considered. It is thought the deal could be worth about £100 million.
Established in 1989, Bench sells fashionable casual wear clothing including jeans, hoodies and tops for women, men and children. It gives a 25 per cent discount to students.
The brand Bench sells strongly in Germany, and also has a good presence in Britain and Canada.
Americana has been attempting to boost its presence overseas with a particular aim for America and Russia. It has yearly sales of £100 million and earnings before interest, tax and other charges of £16 million.
Americana is managed by Gordon Baird, who has also been involved in the popular brands Timberland and Adidas, and has been in the ownership of HG Capital since 2007.
ISIS Equity Partners were the previous owners. When it sold Americana its workforce had grown to 350, and produced yearly sales of £80 million, 14 per cent of which came from outside of Britain.
____________________________________________________________________________
Related articles:
Sports Direct rescues Republic out of administration
Aurora Fashions considers sale of Coast
A highly professional firm with strong tax specialism, over 200 clients; includes 100 limited companies, 50 sole traders and 15 partnership.
Chartered CP with £350k turnover through 170 clients, out of which 117 are limited companies, 2 sole traders and 1 partnership. Average client age between 45/65. The practice uses Xero.
Proactive practice with circa 500 clients made up of 270 Ltds, 40 sole traders, 20 Partnerships, 100 payroll and private tax. Very high client retention rate, uses Xero Software.
03
|
May
|
Three Aberdeen legal firms merge to form all-service provider | MERGER
Three prominent Aberdeen legal businesses have merged to for...
03
|
May
|
BGF-backed asbestos services firm makes third acquisition | BUSINESS SALE
Environmental Essentials, a specialist asbestos services fir...
03
|
May
|
Logistics firm acquires pair of Derbyshire businesses | BUSINESS SALE
A logistics firm headquartered in Preston has acquired a pai...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.