BusinessCorporate FinanceFat Face FD keeps job in equity buyout

Fat Face FD keeps job in equity buyout

US firm to buy retailer for ?360m

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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