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

Republic up for sale

Young fashion chain Republic has been put up for sale by private equity owners Change Capital.

The retailer is controlled by Change Capital - which is run by former Marks & Spencer directors Luc Vandevelde and Roger Holmes - which bought a majority stake in the chain five years ago.

Republic, which sells brands including Superdry and G-Star, has been put up for sale through investment bank Rothschild, according to The Sunday Times.

A sale could generate a windfall for Republic chief executive Tim Whitworth and founder Carl Brewins, who still own more than 40% of the shares and lead the management team.

The Leeds-based company was valued at £105m in 2005 but private equity experts believe it might have doubled or tripled in value since then.

City sources said Rothschild was exploring all options for the business, including a refinancing and a float, as well as a sale. They added that Change was still evaluating its options and may decide not to sell. Whitworth and Brewins are expected to keep most of their shares and to continue running the business.

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.