Hunter wellies snapped up by Searchlight
Saturday 17 December 2011
Hunter, the maker of upmarket wellies beloved by the likes of Kate Moss, has been bought by a private-equity firm in a deal which sees its current shareholders cash out part of their investments.
Searchlight Capital Partners has taken a controlling stake in Hunter after its existing four shareholders, including the fashion group Pentland, sold down their shares.
Hunter delivered sales of £56m in 2010 but is on track to post about £80m this year.
Women of Middle England have increasingly embraced Hunter as fashionable footwear in recent years and the brand has been endorsed by the Prime Minister, and celebrities.
The Camerons handed the US president Barack Obama and his wife a pair of Hunter wellies on a trip to America last year.
Peter Mullen, the chairman of Hunter Boots and an investor, said: "This transaction and future support from Searchlight will help us to capitalise on the growing demand for Hunter-branded products as we look to increase our presence in existing markets and expand in new regions around the world."
- 1 'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
- 2 The secret report that helps Israel hide facts
- 3 Is Ebola coming to Britain? UK health officials issue warning to doctors as outbreak fears grow
- 4 Richard Dawkins says 'date rape is bad, stranger rape is worse' on Twitter
- 5 Danish TV reporter is all business up top, all party down below
The secret report that helps Israel hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Boozy, ignorant, intolerant, but very polite – Britain as others see us
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
- < Previous
- Next >
iJobs Money & Business
£350 - £400 per annum + competitive: Orgtel: Project Manager (specializing in ...
£25000 per annum + OTE £40,000: SThree: Orgtel are seeking Graduate Trainee Re...
£45000 per annum + Benefits: Ashdown Group: ** HR Business Partner - Senior H...
£28000 - £32000 per annum + Benefits: Ashdown Group: PA / Team Secretary - Mat...