REPUBLIC, the fast-growing conform sequence that sells the smart G-Star brand, has been put up for sale by Rothschild, the investment bank.
The tradesman is tranquil by Change Capital, the in isolation equity group, that is run by Luc Vandevelde and Roger Holmes. The former Marks Spencer directors paid for a infancy seductiveness five years ago.
A sale could beget a outrageous paper distinction for Republics founders, Tim Whitworth and Carl Brewins, who still own some-more than 40% of the shares and lead the management.
The Leeds association was valued at 105m in 2005 but in isolation equity experts believe it competence have doubled or tripled in worth given then.
Republic has stretched from 70 stores to some-more than 100 given 2005. Its underlying increase have tripled in the past 3 years, attack 33.5m in the monetary year to Jan 2010 on net sales of 173m.
The retailers niche in upmarket infrequent garments has valid volatile during the retrogression and the sales keep rising whilst alternative conform bondage struggle.
City sources pronounced Rothschild was exploring all options for the business, including a refinancing and a float, as well as a sale. They combined that Change was still evaluating the options and might confirm not to sell. Whitworth and Brewins are approaching to keep majority of their shares and to continue using the business.
Private equity sources pronounced they approaching Republic to capture clever seductiveness because it is probably debt free and has the range to three times in distance again. The retailers website is the second greatest multi-brand conform site after Asos.com.
Republic sells the own brands, such as Soul Cal, to one side rarely renouned names such as Diesel, Miss Sixty and Firetrap.
The organisation plans to open fifteen some-more stores this year, formulating 500 jobs.
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