The parent company of FatFace has reportedly brought in investment bankers from Rothschild to assess the possibility of selling the business, according to the Sunday Times.

Private equity firm Bridgepoint bought FatFace in 2007 for £360 million.

Following mounting debts throughout the pandemic, Bridgepoint ceded control of the fashion retailer in mid-2020 to lenders, who went on to lower its debt from £146.8 million to £25.6 million.

The debt reduction allowed FatFace to continue trading throughout the pandemic.

Post-pandemic and with stores reopening, FatFace realised profits of £125 million in the six months up to November 27 - a four per cent rise from pre-pandemic levels with a third of sales online.

FatFace’s profitability has now returned to pre-pandemic levels and with a positive net cash position, according to their half-year results published in January 2022, which may have encouraged the company to look for a new owner. (Yes I think it’s speculation).

FatFace declined to comment on the reports.

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