The outdoor clothing specialists Fat Face has been sold again, this time for a massive 360 million pounds.
The business operates 128 shops across the U.K. and France, mail order catalogues and an internet store. It has over 1,500 employees. The takeover by Bridgepoint will see new stores springing up in the Middle East, Hong Kong and Singapore. In the UK, it is anticipated that up to 15 new stores a year will be opened.
The deal comes just two years after Fat Face was acquired by Advent International.
The Fat Face business was founded in 1988 by Tim Slade and Jules Leaver who started out by selling printed sweatshirts and fleeces out of their rucksacks in the French Alps to fund their skiing. The name Fat Face was inspired by Le Face, the Olympic black run in Val d'Isere.
