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    BusinessCorporate FinanceFat Face FD keeps job in equity buyout

    Fat Face FD keeps job in equity buyout

    US firm to buy retailer for ?360m

    Author Date published March 25, 2007 Categories

    Stuart Owens, finance director of clothes retailer
    Fat Face, has kept his job following the
    company signing a binding agreement with European private equity firm
    Bridgepoint.

    Owens, along with CEO Louise Barnes, will continue to lead the company after
    Bridgepoint signed a binding agreement to buy Fat Face from US buyout firm
    Advent International for
    ?360m.

    Bridgepoint estimates that the market for active lifestyle clothing is worth
    ?2.2bn and has grown significantly faster than the overall UK clothing market.

    Further reading:

    Rake called up to aid private equity image push

    Private equity’s silent partners

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