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United Kingdom : BESTSELLER plans to buy M & M DIRECT for up to £140mn

June 17, 2014

M and M Direct Ltd has entered into a definitive agreement to be purchase by BESTSELLER for up to 140 million.

Since 2007, M and M has been owned by global growth private equity firm TA Associates. The sale is dependent upon standard regulatory approval. It is anticipated to be concluded within 8 weeks. M and M is one of Europe s leading online and mail order retailers of discounted lifestyle, fashion and sports apparel and footwear. It has devoted local market websites including the UK, German, French, Austrian, Dutch and Polish markets. Moreover it serves over 20 additional countries worldwide. Additional terms of the agreement were not revealed.

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Source: TendersInfo (India)

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