The Carlyle Group, a prominent global investment firm, has recently announced its acquisition of a majority stake in luxury retailer END. This purchase follows the stake sales of high-end brands Golden Goose and Supreme. The founders of END., Christiaan Ashworth and John Parker, have agreed to sell control of the business to Carlyle, while retaining a significant minority stake and continuing in their roles as co-CEOs. Additionally, Index Ventures, which currently holds a minority stake, will be exiting the business.

Founded in Newcastle in 2005, END. has grown into a digital-focused operation that specializes in luxury, contemporary fashion, sneakers, and streetwear. The company collaborates with over 500 brands and designers to offer a diverse range of products. Carlyle views END. as an attractive investment due to its dedicated and loyal customer base, distinct omnichannel approach, and exclusive collaborations.

According to the most recent financial results available for END., the company recorded revenues of £170 million in the fiscal year ending in March 2020, with 65% of sales originating from outside of the UK. The impact of the ongoing pandemic on the company’s performance remains uncertain. Nevertheless, with its established international presence and significant portion of international sales, END. presents substantial growth opportunities both domestically and abroad.

Carlyle intends to leverage its expertise in global investments to support END.’s expansion on a global scale. The acquisition will be funded by Carlyle Europe Partners (CEP) V, a fund that focuses on European opportunities across various sectors. Although the purchase price has not been disclosed, the transaction is slated to be finalized on April 1.

Both Carlyle and the founders of END. are highly optimistic about the future prospects of the business. The combination of Carlyle’s industry knowledge, extensive global platform, and END.’s distinct style and growth potential are anticipated to drive the company’s long-term and sustainable growth. With Carlyle’s backing, END. aims to pursue strategies such as the launch of a womenswear line and further international expansion.

Overall, this acquisition stands as a significant milestone for END., underscoring the increasing interest in the luxury, streetwear, and sportswear sectors. With the support and investment from Carlyle, END. is well-positioned to capitalize on its potential and continue attracting an international clientele.

Useful links:
The Carlyle Group