|
|
Theo Fennell Founder Takes Over Own Brand
Jun 29, 2017 3:22 AM
By Rapaport News
|
|
|
RAPAPORT... Jewelry designer Theo Fennell has bought out the luxury
brand that bears his name, with the backing of private-equity group Endless.
Theo Fennell entered administration last month after the
London-based jeweler became unable to handle its costs, rescuers at
professional-services firm BDO said. In an update this week, Endless said
its support for Fennell’s management buyout (MBO) came from its investment arm
Enact, which focuses on small and medium-sized enterprises.
Fennell (pictured) plans to take the company back to its roots on
Fulham Road in London’s Chelsea district by providing bespoke pieces for
customers, said Garry Wilson, executive chairman of Endless, who led the
investment. The business will continue to design, create and sell high-end
jewelry from its flagship Fulham Road store and will continue to operate from London’s
Royal Exchange.
“Endless really understands this brilliant British business
and its passionate team,” said Fennell, who founded the brand in 1982. “We will
be allowed to do what we have done best and successfully for 45 years:
producing wonderfully designed and beautifully made jewelry and silverware,
much of it bespoke or unique for people who love originality and
craftsmanship.” |
|
|
|
|
|
|
|
|
|
Tags:
Chelsea, Enact, Endless, Fulham Road, jewelry design, london, management buyout, MBO, private equity, Rapaport News, Theo Fennell, UK
|
|
|
|
|
|
|
|
|
|
|
|
|