It may not come as a huge surprise but reclusive billionaires David and Frederick Barclay have put their plans to sell the giant Shop Direct e-tail business on hold as analysts said the £3 billion price tag was too high.
According to the Spanish business newspaper Expansión, the venture capital firms KKR, Permira, Bain and BC are in the final stages of negotiation to purchase the wedding label for a sum of more than 300 million euros.
Apax Partners seems to be the frontrunner to buy fashion and GM e-tail giant Shop Direct, yet it’s still not a one-horse race with US private equity firm Hellman and Friedman also reported to have entered the fray.
The auction of e-tail giant Shop Direct has attracted less interest than had been hoped, according to reports, but some offers are on the table with Apax Partners believed to be one of three groups to have bid.
Rumours of a sale have been swirling around Shop Direct for months and now it has been reported that the online fashion and general merchandise retail giant could be sold this year with a price tag of £3bn+ suggested.
L'Oreal's sale of British retailer The Body Shop has drawn interest from a series of private equity investors who are lining up indicative bids ahead of a mid-April deadline, sources familiar with the matter said on M...