Jack Wills continues with sale preparations

Mon, 15 Jul 2013 | BUSINESS SALE

Retail company Jack Wills is continuing to prepare the company for sale as the business' owners seek to maximise the value of the firm as part of their exit strategy.

Wendy Becker, a former partner of McKinsey, was brought in as chief operating officer last year in order to increase the value of the business. She has already implemented a number of changes, including the strengthening of the management team with the appointment of new directors in finance, retail, international and digital, and closed the Aubin & Wills brand, which was more aimed more at older customers.

Ms Becker told the FT: “I have been brought in to create a large global brand and to maximise the value of the business for a transaction that will certainly happen at some point in a three to six-year timeframe.”

The business is keeping this long-term approach in mind as it brings in the raft of changes needed to maximise value before a sale. In the short-term, however, the sharp changes are showing and in the year to 3 February 2013, the Wills Lifestyle Holdings business recorded a £9.72 million pre-tax loss. This was as a result of the costs related to implementing a new stock management system, the management overhaul and the tough conditions impacting the UK high street.

When the firm is eventually sold, its owners Peter Williams and Robert Shaw are expected to enjoy a windfall of at least £350 million. The pair still own 70 per cent of the company, with private equity group Inflexion holding a 27 per cent stake.

___________________________________________________________________________
Related information:
Ark retail business bought out of administration
View the latest retail businesses for sale


Share this article



Latest Businesses for Sale

Italian Restaurant/Pizzeria
London, UK

A restaurant has operated on this very prominent, high street corner location for many years and was purchased late in 2016 by the vendor with the intention of adding a retail business to it commercial business. The vendor then invested circa £70,000...

Asking Price: £200,000
Turnover: £550,000

LEASEHOLD


Industrial Textile Services
UK Wide

Serves clients in the automotive, industrial, medical and geotextile sectors. Operates from 16,000 sq ft leasehold premises. Sustains and generates consistent revenue without the need for marketing expenditure. Retirement sale. Offers invited.

Asking Price: Offers Invited
Turnover: £382,000

LEASEHOLD


Confectionery, Nuts & Snacks Re-packer & Distributor
UK Wide

Provides a comprehensive delivery service, with a directly employed fleet of delivery drivers. Highly experienced management team in place, capable of managing day-to-day operations, post-sale. Significant scope for growth with geographic expansion a...

Asking Price: Offers Invited
Turnover: £6,650,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
25
 
Feb
 

Property management platform faces administration | ADMINISTRATION

The parent company of UK property management startup Hostmak...

 
24
 
Feb
 

Clugston Group former headquarters up for sale | COMMERCIAL PROPERTY

St Vincent House in Scunthorpe, which was the headquarters o...

 
21
 
Feb
 

Street food catering firm seeks buyer after entering administration | ADMINISTRATION

Shrewsbury-based catering company MPM Catering has entered a...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
06
 
Oct
 

Liberty owner teams up with Jack Wills founder to buy the fashion retailer | BUSINESS SALE

The owner of the Liberty department store in London has team...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources