RetailReform goes shopping with £150m purse

Ian Reynolds, the businessman who bought and sold Priory Healthcare, has established a vehicle to invest in under-performing companies in the retail fashion sector. The vehicle, RetailReform, will acquire both listed and private companies ranging from department stores, high street retailers and top end brands. Close Brothers has backed the consortium with initial funding of £150m. The vehicle may seek further funding from private equity players with a sector focus in this area. A strategic management team has been formed to identify target companies for acquisition, analyse business opportunities and lead the turnaround of acquired companies. So far, four possible targets have been identified. As well as Reynolds, the core team comprises Tony Collyer and David Shaw, both of whom have experience in the fashion retail sector. Operational management will be added to the team once a targeted retailer is close to acquisition.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Healthcare
• Consumer