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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.

CITY & CORPORATE

Eveden considers funding options to expand international sales

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."

International multichannel growth strategies is the theme of the Retail Bulletin International Expansion Conference 2012, sponsored by GfK. Sharing expertise and best practice will be speakers from Tesco, New Look, Coast, WHSmith, Debenhams, Carphone Warehouse Group, Wiggle, JD Williams, Hamleys Group, TUI Travel, French Connection, GfK, Javelin Group, Field Fisher Waterhouse LLP, Chase Paymentech. For full details and to register for this interactive event in London, March 27th, click here.

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