Liberty owner joins forces with Jack Wills founder to buy chain

4 October 2016 - 8:23am

Peter Williams and the private equity firm have become the retailer’s new joint shareholders after buying out long-standing investor Inflexion.

The acquisition, which was revealed as Jack Wills posted a 41.4% slump in full-year EBITDA to £5.1m, sees the retailer’s non-executive chairman Mervyn Davies step down.

Davies has been replaced by Mamas and Papas chairman Derek Lovelock, while Williams will continue to lead the business as chief executive.

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