Bidding for Jack Wills is getting under way with reports saying six interested parties are in the race. They’re said to include the UK’s two most acquisitive retail tycoons, Mike Ashley and Philip Day.
The latest yearly results from Jack Wills may not have been bad on the sales front but margins have been heavily under pressure and that was bad news for profits, although the firm said recent results have been better.
A major investor in London department store Liberty is exploring a sale of its stake in the business, according to a report, with private equity company BlueGem having “asked UBS to sound out prospective bidders.”
Liberty London has ended a long period without a senior executive at its helm and has named a former Luxottica chief as its new CEO. Adil Mehboob-Khan is joining the luxury department store retailer in the top job.