×
41
Fashion Jobs
H&M
Area Manager - Vietnam
Permanent ·
PUMA
Manager Quality Continuous Improvement Footwear
Permanent · Ho Chi Minh City
COLUMBIA SPORTSWEAR COMPANY
Engineering Technician ii
Permanent · HANOI
COLUMBIA SPORTSWEAR COMPANY
Accessories And Equipment Merchandiser
Permanent ·
COLUMBIA SPORTSWEAR COMPANY
Senior Merchandiser - Apparel (Outerwear And Sportwear)
Permanent ·
UNDER ARMOUR
Footwear Material Costing Professional
Permanent · HO CHI MINH CITY
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Aeon Mall Tân Phú
Permanent · HO CHI MINH CITY
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Tại Vincom Plaza hạ Long
Permanent · HẠ LONG
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Vincom Nguyễn Chí Thanh
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Tại Vincom Hùng Vương Cần Thơ
Permanent ·
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Vincom Nguyễn Chí Thanh
Permanent ·
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Mega Mall Thảo Điền
Permanent · HO CHI MINH CITY
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Vincom Thảo Điền
Permanent · HO CHI MINH CITY
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Crescent Mall
Permanent · HO CHI MINH CITY
H&M
3pl Business Expert - Warehouse Operations
Permanent · BIEN HOA
H&M
Distribution Center Manager
Permanent · BIEN HOA
H&M
Store Department Manager (Quản lý Ngành Hàng Tại Cửa Hàng) - đà Nẵng Based
Permanent ·
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Vincom Ocean Park
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Aeon Mall hà Đông
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Aeon Mall hà Đông
Permanent · HANOI
H&M
Department Manager (Quản lý Ngành Hàng) - Khu Vực Ocean Park Gia Lâm
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Crescent Mall
Permanent · HO CHI MINH CITY
Published
Sep 28, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

FatFace completes £15m finance deal, Rose and Bridgepoint step back

Published
Sep 28, 2020

FatFace Group has announced the completion of comprehensive refinancing agreement that also sees control passing to its lenders and the departure of its chairman. 


FatFace has new financing in place



With £15 million of new money being injected into the company and a significant reduction in its debt, the company said it should provide "a strong platform for future growth”.

The firm had announced that it was in finance in talks back in April, shortly after all of its 230 shops were forced to close, although it continued to trade online.

The multichannel lifestyle brand said that as part of the overall refinancing, ownership of the operating group will transfer from Bridgepoint to the group’s existing lenders, who, among others, include Alcentra, Goldman Sachs, HIG and Lloyds. 

This new phase for the business will also see ex-Arcadia and M&S CEO Lord Rose stepping down as chairman after seven years in the role. His successor will be announced in due course.

CEO Liz Evans described the latest development as “an important milestone for FatFace” that "reflects a significant vote of confidence in the strength of our brand and the business”.

She added that the brand saw a “strong online performance over the summer period and we have seen the benefits of the staycation trend in our local market towns and holiday destination stores. The completion of the refinancing agreement provides us with a strong platform to enable us to navigate the challenges the sector continues to face as a result of Covid 19, and to execute our strategy; putting customers at the heart of everything we do and delivering the FatFace brand experience by offering unique products which are designed in house and sold through a first-class e-commerce platform, a resilient store portfolio and strong partnerships”.

She also highlighted Stuart Rose’s and Bridgepoint’s “commitment to  the business” over the years and said Rose “has been an invaluable support, a champion of the business, and an enormous source of knowledge and experience”.

Copyright © 2022 FashionNetwork.com All rights reserved.