End Clothing, the high-end contemporary fashion retailer, is reportedly considering a stake sale that could value the company at approximately £700 million. The founders of End Clothing, Christiaan Ashworth and John Parker, have supposedly approached investment bank Goldman Sachs to help find a new investor. Potential buyers may include private equity firms like Cinven and General Atlantic Partners. This move could potentially lead to substantial profits for Index Ventures, which invested in the company in 2014, as well as for the founders themselves.

End Clothing recently announced its plans to expand its womenswear offerings and is actively hiring for its buying team, indicating a strategic shift in focus from primarily menswear. Despite the challenges posed by the COVID-19 pandemic, End Clothing delivered impressive sales growth of nearly 27% in its latest fiscal year, which ended in March, amounting to £170.5 million. Additionally, the company witnessed a pre-tax profit increase of 17% to nearly £32 million. As End Clothing primarily operates online, there is speculation that its results could be even more favorable this year.

End Clothing boasts partnerships with 500 brands and has a customer base of approximately 3.6 million active users. While it is uncertain if the founders would be willing to sell a controlling stake in the business, they have refrained from making any public statements regarding the matter.

In summary, End Clothing’s potential stake sale could skyrocket the company’s valuation to £700 million. With its plans for expansion into womenswear and its strong financial performance, End Clothing is well-positioned for continued growth in the highly competitive fashion market.

Useful Links:
1. End Clothing Official Website
2. Goldman Sachs Official Website