Former Boots boss launches Matalan bid November 15, 2009 Former Boots chief executive Richard Baker is at the forefront of a £1.5bn private equity bid for out-of-town retailer Matalan. Advent International, where Baker was recently hired as an operating partner, is the latest name to be added to the string of private equity firms believed to be circling the retailer. Matalan, which specialises in [...]
Matalan explores a sale to private equity firms October 25, 2009 DISCOUNT clothing and homeware retailer Matalan is being circled by several private equity firms interested in taking it over, it was confirmed by the company this weekend. The retailer has appointed PricewaterhouseCoopers (PwC) to advise it after receiving a string of unsolicited approaches by firms, including CVC Capital Partners. Matalan has been given a likely [...]
Matalan gets a 1.5bn price tag October 4, 2009 MATALAN, the discount out-of-town retailer, has held several talks with its advisers in recent weeks about the potential sale of the business. While a sale is not imminent, observers believe that the business could fetch around £1.5bn. Matalan was taken private three years ago by its founder John Hargreaves in a £827m deal, backed by [...]
Quality brands are becoming more popular again June 16, 2009 FOR a while we saw the march of the “value” brands, as the recession helped Aldi and co make advances on their more expensive rivals. The graph shows what actually happened to brand values. We have created two baskets of brands – seven associated with lower-end or “value-for-money’ (Aldi, Morrisons, Primark, Matalan, RyanAir, Walls, Subway), [...]
Matalan shrugs off the retail gloom as sales rocket on new product lines June 15, 2009 BUDGET fashion chain Matalan yesterday said it was defying the retail gloom as it reported a 8.2 per cent boost in like-for-like sales for the 14 weeks to 6 June. The group, which has 203 outlets across the UK, said it had seen a jump in footfall due to the introduction of new product lines [...]
Sales slide at Matalan November 2, 2005 Value retailer Matalan yesterday insisted that it was holding market share despite reporting deteriorating trading conditions. Group like-for-like sales tumbled 10.6 per cent in the nine weeks to 29 October. The retailer said clothing like-for-like sales were down 7.6 per cent implying homewares sales had fallen by as much as 20 per cent. Chief executive [...]