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Bidders join race to snap up Fat Face

Speculation grew over potential new owners of Fat Face this week, as the deadline for first-round bids for the chain loomed. Companies including HG Capital and Bridgepoint are understood to be among those vying to buy the lifestyle retailer, which has sales of more than £110 million and comes with a £300m price tag. Fat Face is currently majority-owned by private equity business Advent. Founders Tim Slade and Jules Leaver own 30% of the company, but it is unclear whether they will reinvest.