Specialist investor Jason Granite has bought 90-store outdoor clothing and equipment retailer Yeomans on undisclosed terms.

Granite, a former Deutsche Bank distressed debt trader, took control of Derbyshire-based Yeomans last week.

The retailer, which has branches in garden centres and outlet centres and on the high street, is understood to have suffered as a result of the harsh trading environment.

Granite, formerly associated with special situations fund Agilo, was involved in several high-profile retail deals in the past decade ranging from homewares retailer Ponden Mill to designer fashion business Amanda Wakeley.

The Yeomans deal comes as the outdoor goods market is being transformed. Retailers such as Blacks and others with a high street presence have suffered at the hands of newcomers such as Go Outdoors, which trades on retail parks, and from market incursions by general merchandise giants such as Argos.