Sherman Cooper, which makes Ben Sherman shirts, has been bought out by its management team, led by former managing director of apparel Miles Gray, in a deal that values the company at more than £120m.The team has raised capital from Northern Ireland's Enterprise Equity and the Bank of Scotland, as well as from 3i, which finded an earlier management buyout seven years ago.3i had intended to sell Sherman Cooper when the original buyout team decided to quit the business, but decided to stay with the new team. The company's sales have risen from £20m in 1993 to £80m today, and the three-year target is £145m.
NORTHERN IRELAND: Ben Sherman Shirt Maker In MBO
Get full access to all content, just $1 for 30 days
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 18 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Leonie's offer to you
Risk-free, money-back guarantee
Create sourcing plans that work
Find new apparel sourcing destinations, assess trade flows and manage tariffs. All in one place.
Most Popular
Insights
- What does import data for a single month show us?
- C&A Foundation sets out vision on circular fashion
- Who's signed the Bangladesh '2018 Accord' – Update
- Experts point way ahead for African textile sector
- Technology inertia stalls Africa clothing industry
News
- Campaigners outraged at Bangladesh minimum wage
- H&M denies profits "built on poverty wage" claims
- Chinese textile firms step up Ethiopia sourcing
- Under Armour to slash 400 more jobs
- Myanmar, Turkey now on US labour exploitation list
Market research
- Generation Z: The Next Wave of Consumers
- Apparel categories bundle: Global market reviews of Denim and Jeanswear, Lingerie, Corporatewear and Athleisurewear.
- Global market review of lingerie – forecasts to 2023
- Fast track: smart textiles and clothing—advances in technology spur innovation
- Editorial: Time to reassess the environmental sustainability of natural fibres versus man-made fibres?
Oops! This article is copy protected.
Why can’t I copy the text on this page?
The ability to copy articles is specially reserved for people who are part of a group membership.
How do I become a group member?
To find out how you and your team can copy and share articles and save money as part of a group membership call James Jordan on
+44 (0)1527 573 618 or complete this form..
