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JD’s Tessuti buys Scottish indie Xile out of administration

JD Sports-owned chain Tessuti has bought Scottish menswear independent Xile Clothing out of administration, while Tessuti’s founder Dave Light has also separately acquired London independent Woodhouse.

Xile Frederick Street Edinburgh

 

Drapers understands Xile Clothing, which has three stores in Edinburgh, Glasgow and Livingston, went into administration at the beginning of April and was bought by Tessuti last week for an undisclosed sum.

Light, who owns a 60% share in Tessuti after JD bought a 40% stake in 2011, could not confirm details of the administration, but he explained that Tessuti saw potential to develop Xile and he was “excited to grow it”.

He said there were no plans to change the name of the business, which was founded in 1984, or any staff members. Xile is led by buying director David Weeks.

Meanwhile, Light and his brother-in-law and business partner Michael Ashcroft, who is Tessuti’s buying director, have also bought Notting Hill menswear independent Woodhouse, it has emerged.

The indie stocks premium brands including Hugo Boss, Lacoste, CP Company and its own label, The Dapper Stag. Founded by Philip Start in 1975, Woodhouse was owned by Clothingsites.co.uk, backed by investment firm Bridges Ventures. Again, Light said he does not intend to make any significant changes.

Light and Ashcroft have been growing their portfolio of stores in the north and northwest in recent months.

In August last year the duo bought premium menswear mini-chain Aspecto following the death of its founder and managing director Mel Pilkington.

The following November they bought premium menswear chain Infinities for an undisclosed sum.

“There’s a lot of fluidity in the market – a lot of businesses are up for sale, so we’re continuously looking and what’s available and what’s a best fit for the businesses,” said Light. 

Light also has property interests and runs five Jack & Jones stores in the northwest and operates seven stores under the Bank brand, having licensed the name from the administrator of the failed high street chain.

As well as Tessuti, JD Sports Fashion owns JD, Scotts, Mainline and Originals. As revealed by Drapers, the group closed mutibrand mini-chain Ark in January 2016 and its 11-store own-brand menswear retailer, Open, in January last year.

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