Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

JoJo Maman Bébé backer considers selling stake

Minority investor in JoJo Maman Bébé, private equity firm Magenta Partners, is considering selling its stake in the retailer.

The firm has lined up PwC to handle a potential exit from the business, which is expected during the course of 2019.

News of the sale comes as Jojo reported a healthy 20% rise in revenues to £57.5m and a 14.5% increase in like for like sales for the year to June 2017.

The kidswear and maternitywear firm, which is favoured by the Duchess of Cambridge, also saw profits before tax rise to £3.9m, up from £3.6m the previous year.

Online sales were particularly strong, rising by 39.8% to £18.2m, up £5.9m in a year. Online sales represent a third of JoJo’s total revenues.

JoJo founder and chief executive Laura Tenison said: “Over the past few years we have seen the business continue to grow and prosper and have expanded into the US and Europe. We remain ambitious and dedicated to building the brand whilst retaining our core company values.”

Founder of New Look Tom Singh is an advisor at Magenta Partners. 

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.