In recent months alot of stores and brands have been up for sale the likes of Tommy Hilfinger and more.
Republic, the fast-growing fashion chain that sells brands including Diesel, Superdry and G-Star, has been put up for sale through Rothschild, the investment bank.
The retailer is controlled by Change Capital, the private equity group, which is run by Luc Vandevelde and Roger Holmes. The former Marks & Spencer directors bought a majority stake five years ago. A sale could generate a huge paper profit for Republic’s founders, Tim Whitworth and Carl Brewins, who still own more than 40% of the shares and lead the management. The funny thing is being put up for sale is majority of the time for better progression in terms of profit and the brands vision in the ever so changing market. Or is there more to it behind closed doors that they have not let out? LEAVE YOUR COMMENTS