Tessuti founder David Light has bought premium menswear chain Infinities for an undisclosed sum, adding to his growing network of stores in the northwest.
Infinities was founded in Newcastle-under-Lyme in 1991 and is now based in Congleton in Cheshire, selling in 12 stores and online. Light has acquired it from shareholders including Andrew Scott, who was buying and ecommerce director, and Rob Scott, who was chairman.
Stores are located in Altrincham, Birkenhead, Bradford, Blackburn, Bury, Chesterfield, Derby, Newcastle-under-Lyme, Stockport and Warrington. There are two stores in Hanley in Stoke-on-Trent, one trading as Infinities and another footwear store, which trades as Resole.
Infinities stocks brands including Paul Smith, Polo Ralph Lauren, Barbour, YMC, Universal Works, Wood Wood, Edwin and Stone Island.
Light told Drapers he intends to continue the business in its current format, with the head office remaining in Congleton and the existing team in place, and will look at ways to grow it in future. Andrew Scott and Rob Scott have stepped down from the board, but remain with the business.
Light’s other fashion retail interests include a 40% share of Tessuti, dating from when JD Sports Fashion acquired 60% of the business in 2011. He also has property interests and operates seven stores under the Bank brand, having licensed the name from the administrator of the failed casualwear chain.
Bank ceased trading earlier this year after JD sold the struggling business to a subsidiary of restructuring specialist Hilco Capital, which put it into administration.
Light also runs five Jack & Jones stores in the northwest and bought premium menswear mini-chain Aspecto with his brother-in-law Tessuti buying director Michael Ashcroft in August this year, following the death of its founder and managing director Mel Pilkington on May 21 after a long battle with cancer.
Established in 1986, Aspecto has six stores: Manchester city centre, the Trafford Centre, Sheffield, Leeds, Nottingham and Glasgow, as well as transactional website. Its clothing and footwear brands include Barbour, Carhartt and Adidas.
Infinities declined to comment.