In UK, Fashion Retail Mergers And Acquisitions Up 40%

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Recent deals involving fashion businesses include the sale of athleisure brand Sweaty Betty to American footwear group Wolverine in August for US$ 410 million (GBP 295 million) and The Hut Group’s acquisition of online pureplay Cult Beauty for GBP 275 million in the same month.

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Karen Hendy, head of corporate at RPC, said that affordable luxury brands are particularly sought after at the moment, and that investment is coming from a mixture of established high-street giants, newer online retailers and private equity funds.

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