Republic founder Tim Whitworth invests in JTF Shopping Club
Tim Whitworth, the founder and former chief executive of the Republic fashion chain, has invested alongside existing shareholder Endless in the discount shopping club chain JTF.
Whitworth has also taken on the role of chairman, working alongside JTF chief executive Paul McClenaghan and the board.
With a current 12 stores across the North and Midlands, JTF was acquired by private equity firm Endless in 2009. Since then Endless has opened four new stores and grown JTF’s turnover to in excess of £70 million.
Whitworth said: “I am immensely excited to be involved in JTF and I’m looking forward to working with the team to drive the business forward. JTF has a sound business model, a loyal customer base and enormous potential. The business is on a solid foundation, from this, store rollout and ecommerce seem logical next steps for the business.”
McClenaghan added: “Tim’s wealth of retail experience, drive and perspective will be of great benefit to the board, and wider business and we warmly welcome him.”
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