Contributed by Grant Thornton UK LLP
19/08/2020 - Grant Thornton UK LLP
The future of tall retail brand, Long Tall Sally, is secure after the announcement that from the 1st September the online business will be under new ownership of AK Retail Holdings Ltd.
AK Retail’s growing portfolio includes successful womenswear curve brand Yours Clothing, BadRhino, its menswear counterpart along with Bump It Up Maternity and Yours London. LTS is a long standing global brand with 50% of its business coming from North America.
Andrew Killingsworth, owner and CEO of AK Retail added: “I’m delighted with the acquisition of Long Tall Sally. LTS has been in existence for 44 years serving ladies that are 5’8 and over. I look forward to developing this proposition further”
The acquisition is also expected to create up to 30 additional jobs and opportunities at AK Retail’s Peterborough HQ.
AK Retail was advised by Grant Thornton (Corporate Finance) and Buckles solicitors. Stuart Davies, Director at Grant Thornton commented “it is great to secure the future of LTS. AK Retail is a fantastic home for the brand and I have no doubt it will thrive under its new owners.”
For more information please contact Stuart Davies Director, Corporate Finance, Grant Thornton UK: [email protected]
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