Retail

SKG Capital earmarks £20 mn over next 12 mnths for retail acquisitions

08 Apr '21

2 min read

Pic: SKG Capital

SKG Capital, the UK retail special situations family office, will invest £20 million in retail and consumer businesses over the coming year. It had successfully turned around bedding-linen retailer Julian Charles, which it acquired last year. As government support for retail winds down, the acquisition hunt could provide a vital lifeline for many businesses.

The firm specialises in working with retail chains and allied businesses in the retail supply-chain, including manufacturers and logistic companies.

The buying spree is being led by Chris Althorp-Gormlay, founder and managing partner at SKG Capital, who is looking to hear from businesses thinking about selling or seeking investment and expertise after the pandemic, SKG said in a press release.

“There are many reputable businesses that the downturn has adversely impacted over the last 12 months. Their balance sheet might have taken a hit, but their potential remains as strong as before, providing they receive the right support and investment,” Althorp-Gormlay, said.

“One of our primary focuses throughout the process is to protect jobs and the supply chain. Turning around these businesses must be done in a way that preserves the wider impact they have on the local community and wider economy,” he added.

It has taken the business from almost £1.0 million in the red pre-pandemic to £1.4 million in the black.

Fibre2Fashion News Desk (DS)

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