Wed, 19 Oct 2011 | BUSINESS SALE
Upmarket retailer The House of Bruar, also known as the ‘Harrods of the North’, may be placed on the market after the retirement of its founders, Mark and Linda Birkbeck.
A potential sale of the Perthshire-based business is part of a strategic review, and will occur “provided that a fair price reflecting the significance of The House of Bruar” can be agreed upon with a possible buyer.
The House of Bruar opened to its first customers in 1995, two years after the company was set up. Clothing brands such as Barbour, Gant, Hackett, Timberland and North Face are sold there, as well as homeware, gifts and food products.
The firm has been approached several times over the years by parties interested in investing in its 11-acre site and brand, with a view to its development potential. Trade and luxury goods firms interested in developing the Bruar brand, as well as private equity companies, are now expected to step forward.
Patrick Birkbeck, the founders’ son, has been running the business as the managing director for the past ten years, and will remain there post-sale. The sale would officially mark the founders’ withdrawal from the business and could net them a £40 million retirement fund.
The House of Bruar’s revenue for the year to January reached £18.9 million. With net assets at book value of £20.4 million, it has no debt.
This well-established company operates to NSI Gold standards, providing comprehensive security solutions including design, installation, and maintenance for systems such as intruder alarms, fire alarms, CCTV, and access control. With a strong supplie...
This well-established business offers a comprehensive range of residential services, from plumbing and heating to building maintenance, with a robust customer database and a reputation for excellence across major platforms. With trained heat pump ins...
This well-established independent garage, recognised as an RAC and AA-approved car servicing provider, presents a fantastic opportunity for large fleet operators looking to integrate a renowned maintenance and repair service with a diverse client bas...
19
|
Jun
|
Administrators appointed at Devon machine building firm | ADMINISTRATION
A machine building firm in Devon with a history dating back ...
19
|
Jun
|
Hull biomass facility acquired out of administration | BUSINESS SALE
An advanced biomass facility near Hull has been acquired aft...
19
|
Jun
|
Nationwide insurance group acquires Surrey-based firm | BUSINESS SALE
A nationwide insurance group has expanded its presence in th...
Business Sale Report is the complete resource for finding genuine 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.