Baby-clothing chain pockets big pay day
The founder of JoJo Maman Bébé, the maternity and babywear chain, has sold a minority stake to a private-equity firm to help to fund the chain's expansion.
Laura Tenison, who established the business in 1993, has sold the shareholding for an undisclosed value to Magenta Partners, the private-equity firm which boasts Tom Singh, the founder of New Look, as its principal investor.
The retailer, which is a favourite with so-called yummy mummies, wants to more than double sales by 2015, largely by increasing its store count from 36 to 84. The Newport-based chain delivered pre-tax profits of £2.5m, on sales of £27m, according to its latest accounts.
That's some guestlist! Stunning images show huge dynastic wedding between Ultra-Orthodox Jewish families which attracted 25,000 guests
'He was always smiling': Lee Rigby named as Woolwich victim
Emergency landing at Heathrow sparks further controversy over London airport capacity
Two bailed after arrest over Woolwich attack Twitter comments
Exclusive: Woolwich killings suspect Michael Adebolajo was inspired by cleric banned from UK after urging followers to behead enemies of Islam
- 1 Pope Francis: Being an atheist is alright as long as you do good
- 2 What, let gays get married? We must be bonkers
- 3 'Something passed underneath us, quite close': Airbus A320 has close encounter with UFO
- 4 Lord of the Sings: Sir Christopher Lee, 91, to release heavy metal album
- 5 Two bailed after arrest over Woolwich attack Twitter comments
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Nook is donating eReaders to volunteers at high-need schools and participating in exclusive events throughout the campaign.
Get the latest on The Evening Standard's campaign to get London's children reading.
Win anything from gadgets to five-star holidays on our competitions and offers page.