THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Coopers of Stortford acquired by Damartex

Multi-channel retailer Coopers of Stortford has been acquired by home shopping brand Damartex in a £25 million deal.

GENERAL MERCHANDISE

Coopers of Stortford acquired by Damartex

Multi-channel retailer Coopers of Stortford has been acquired by home shopping brand Damartex in a £25 million deal.

Founded in 1995 by Neil Cooper, the family-owned business sells goods for the home, garden and leisure market and in 2012 saw sales increase by 40% to £29.6 million with EBITDA of £3.7 million.

A spokesperson for Damartex said that Coopers would be kept as a standalone business following the sale, and that the acquisition provided the opportunity to strengthen Damartex’s position in the UK market where it already has a presence with the Damart, Afibel and Sedagyl brands.

The Coopers management team will remain in charge of the business, reporting to Damart UK managing director Andy Hill, while Cooper will step back from day-to-day involvement. 

The company currently has 160 employees and 1 400 000 customers in the UK.

Damartex, which is famous for its thermal underwear, was advised by corporate lawyers Walker Morris on the acquisition.

Debbie Jackson, the corporate partner who led the Walker Morris team, said: “Damartex has been a long-standing client of Walker Morris and as such I am particularly delighted to have been able to work with their management team on this key acquisition.

“Coopers of Stortford is a business which dovetails into the Damartex Group and provides opportunities for both businesses to achieve their goals.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019