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Jigsaw seeks buyer for the business

Premium fashion chain Jigsaw has confirmed that it is seeking a buyer for the business.

FASHION

Jigsaw seeks buyer for the business

Premium fashion chain Jigsaw has confirmed that it is seeking a buyer for the business.

Having founded the company in 1970, Jigsaw’s controlling shareholder John Robinson has appointed KPMG to deal with approaches from interested parties.

Jigsaw operates 80 standalone stores in the UK as well as concessions in John Lewis, House of Fraser and Harvey Nichols stores. It also has a number of international outlets including a presence in the US, Australia, Ireland, the Netherlands, Singapore, South Africa and the United Arab Emirates.

A spokesperson for Jigsaw said: "The have been a number of approaches directly to Jigsaw around the purchase of a minority or majority stake.

“No sales process has been activated but we continue to have conversations with interested parties.”

Jigsaw’s most recent annual results reveal that the company had a turnover of £95 million with a profit of £6 million.

 

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