Home / Knowledge / News / Apparel/Garments / Bestseller to acquire M & M Direct for up to £140mn
Bestseller to acquire M & M Direct for up to £140mn
16
Jun '14
M and M Direct Ltd announced it has signed a definitive agreement to be acquired by BESTSELLER for up to £140 million. M and M has been owned by global growth private equity firm TA Associates since 2007. The sale is contingent upon standard regulatory clearance and is expected to be completed within eight weeks. Additional terms of the agreement were not disclosed.
 
M and M is one of Europe’s leading online and mail order retailers of discounted lifestyle, fashion and sports apparel and footwear. The company has dedicated local market websites covering the UK, German, French, Austrian, Dutch and Polish markets, and also serves more than 20 additional countries worldwide.
 
The shareholders in M and M were advised by Canaccord Genuity Limited and Macfarlanes LLP.
 
About M and M Direct Ltd
M and M Direct Ltd is the UK’s leading purchaser of end-of-line clearance for fashion and sports products. As an online and mail order retailer, M and M offers sports and fashion apparel and footwear for men, women and children, at substantial discounts. The company has more than 1.3 million active customers and 50 million website visits a year. M and M was founded in 1987 and is headquartered in Leominster. 
 
About BESTSELLER
BESTSELLER provides affordable fashion for women, men, teenagers and children. BESTSELLER markets their products in most of Europe, the Middle East, Canada, India and globally via e-commerce. The company has more than 3,000 chain stores across 38 markets worldwide and the products are sold in approximately 12,000 multi-brand and department stores in 53 markets worldwide. 
 
About TA Associates
TA Associates is one of the largest and most experienced global growth private equity firms. The firm has invested in more than 440 companies around the world and has raised $18 billion in capital. With offices in Boston, Menlo Park, London, Mumbai and Hong Kong, TA Associates leads buyouts and minority recapitalizations of profitable growth companies in the technology, financial services, business services, healthcare and consumer industries. 

M and M Direct Ltd

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Kerem Durdag
Biovation II LLC

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Rupa Sood and Sharan Apparao
Nayaab

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

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