Premium fashion retailer End has been snapped up by buyout giant The Carlyle Group in a deal valuing the business at more than £750m.
End founders Christiaan Ashworth and John Parker have offloaded a controlling stake in the business, but will retain a “significant” minority shareholding. The duo will also stay on as joint chief executives.
Ashworth and Parker founded End, which sells high-end streetwear such as designer jeans and trainers, back in 2005 after investing £20,000 each.
It started trading from one store in Newcastle, but has pivoted to a predominantly online model. The retailer’s only other stores are in Glasgow and London’s Soho.
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