Home / Knowledge / News / Apparel/Garments / Sun European buys Alexon; save 2700 Alexon jobs
Sun European buys Alexon; save 2700 Alexon jobs
03
Oct '11
Sun European Partners, LLP the European adviser to Sun Capital Partners, Inc., announces that one of its affiliates has acquired Alexon Group Plc, the womenswear clothing retailer.

Headquartered in Luton, UK, Alexon began trading in 1929 and now operates from 990 outlets across the UK and Europe. It also retails online with significant growth being driven through each of the online stores of its seven brands. The Group operates in a niche market predominantly focused on the more mature female demographic.

Following a thorough and competitive auction process and a review of the options facing the business, the board of Alexon believes that an affiliate of Sun European Partners is best–positioned to support the company's business plan, providing a solid platform for improved financial performance. The deal is expected to preserve over 2,700 jobs.

Jane McNally, Chief Executive Officer of Alexon said, "We are extremely pleased to have a new owner which gives our business the more appropriate capital structure that we have been seeking. The capital investment the Sun European Partners affiliate will be making in Alexon as part of this transaction will enable us to invest further in our turnaround strategy which is focused on restructuring our store portfolio, the roll out of new retail environments and further acceleration of our e–commerce business. We will also benefit from their extensive and successful track record in this sector."

Paul Daccus, Principal of Sun European Partners said, "Alexon has strong brands which operate in a growing segment of the retail sector and this is an exciting acquisition. The turnaround programme pursued by the business to date has improved performance and returned the business to profitability. We look forward to partnering with Jane and her management team to build on this progress to achieve sustainable growth and help the company to expand its routes to market, whilst continuing to invest in its market leading brands."

Sun European Partners has significant retail and branded retail experience and counts among its affiliated portfolio companies a number of other leading businesses including, V&D, the largest department store chain in The Netherlands; DBApparel, a market leader in the design, manufacture and distribution of branded intimate apparel; and Scotch & Soda, a designer, marketer, wholesaler and retailer of contemporary casual apparel. In the United States, Sun Capital affiliates have invested in The Limited, a women's specialty apparel and accessories retailer; Hanna Andersson, a retailer of distinctive children's clothing and Gerber Childrenswear, a leading marketer of children's apparel.

Sun European Partners, LLP is the European adviser to Sun Capital Partners, Inc., a leading U.S.–based private investment firm focused on leveraged buyouts, equity, debt, and other investments in market–leading companies that can benefit from its in–house operating professionals and experience.

Affiliates of Sun Capital Partners, Inc. have invested in over 270 companies worldwide with combined sales in excess of $40 billion since the inception of Sun Capital Partners, Inc. in the U.S. in 1995. Sun Capital Partners, Inc. has offices in Boca Raton, Los Angeles, and New York, as well as affiliates in London, Frankfurt, Paris, Luxembourg, Shanghai and Shenzhen.

Sun European Partners LLP

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search