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Jigsaw looks to open 15 menswear stores

Jigsaw is looking to open 15 menswear stores to build on its current portfolio of five, alongside adding around 10 womenswear stores for each of the next five years to take the total to around 125, chief executive Peter Ruis has said.

Jigsaw Centre MK by Gpstudio

Jigsaw Centre MK by Gpstudio

Ruis said the premium retailer is aiming to grow its revenues from £100m to £500m in an interview with The Daily Telegraph.

He is also focused on growth in countries including Switzerland and Australia. The firm currently has 77 stores in the UK, four in the US, five in Australia, two in South Africa and three in the Middle East.

He denied the company was exploring a sale, but admitted founder John Robinson would want to sell some of his 80% stake at some point.

He suggested that a stock market flotation might be the preferred option as all employees had shares in the company and to ensure a “sustainable future”.

 

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