Eveden considers funding options to expand international sales
Online lingerie retailer Eveden has appointed advisers to conduct a review of its business as it explores strategic options that could include a potential sale of the company.
The Northampton based firm, which is backed by private equity company Lloyds Development Capital, is reported to be reviewing a number of options with advisers PwC. These include seeking new funds to expand international growth as well as a possible sale of the business.
Eveden’s lingerie, which includes the brands Freya, Fantasie, Fauve, Elomi and Goddess, is sold on on its websites and through retailers such as Debenhams and John Lewis.
The Eveden Group has a turnover of £87 million and increased its profits by 46% to £8.38 million in 2011.
Tracy Lewis, Eveden chief executive, told The Independent: "We are reviewing options in order to continue maximising the successful international growth that the company has been experiencing."
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