Fri, 27 May 2011 | BUSINESS SALE
Redcats, the online retailer and mail order business, may be sold off by its parent, the upmarket French retail group PPR.
Redcats owns La Redoute clothing and homeware catalogue; Verbaudet, a catalogue that sells children's clothing; Stella McCartney Kids; and OneStopPlus, the online seller of clothing for plus-sized women - all of which operate in the UK.
The sale is expected to take place in the second half of this year with an estimated price of around €1.35 billion (£86.7 million). It is understood that Rothschild has been appointed by PPR - behind luxurious brands including Alexander McQueen, Gucci and Stella McCartney - to arrange staple financing that could be used to fund a private equity buy-out deal.
Paris-based PPR is also lining up the Fnac electronics and media business for disposal, in order to focus its energy on its luxury brands and a lifestyle and sports arm headed by Puma.
Redcats, which has been identified as a ripe target for private equity investors, reported sales of €3.43 billion for 2010, representing a 1.5 per cent increase, with operating income of €165 million, a rise from the €100 million recorded the year before.
Staple financing is a pre-arranged finance package provided to potential buyers to fund a business purchase.
Find online businesses for sale in the UK
Market-leading classic car restoration business, globally recognised for its premium vehicle restoration and reimagining of iconic Mercedes-Benz classics, including pioneering electric vehicle (EV) conversions.
An opportunity has arisen to acquire a reputable IT support and development services provider with a UK-wide client base and a proven record for innovation and resilience in the constantly evolving IT sector. Throughout its 25+ year trading history,...
The business is a specialist Land Rover spares, repairs, and servicing garage located in Shrewsbury.
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.