Lee Cooper Owner Plots Sale Of Iconic Brand

Written By Unknown on Senin, 19 November 2012 | 23.33

By Mark Kleinman, City Editor

The owner of the Lee Cooper clothing brand is putting it up for sale seven years after acquiring it from Matalan, the discount retailer.

I understand that Sun European Partners, a private equity firm, has appointed investment bankers to sell Lee Cooper.

Sun has owned the business, which no longer manufactures clothing, since 2005. It bought Lee Cooper for £30.5m in partnership with The 180 Group and Emerisque Capital, two other investment firms.

The current owner plans to approach a group of potential trade bidders such as Iconix, which recently bought the football kit brand Umbro, to gauge their appetite for a deal.

Sports Direct, which has assembled a range of sports and leisurewear brands, is also likely to be sounded out.

People close to the process said Lee Cooper was likely to fetch about £40m from a sale.

Sun, which has appointed DC Advisory Partners to handle the process, declined to comment.


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