Office news and archive

Office annual sales reach 298.7 mn pounds

In accounts recently submitted with Companies House UK, Office said that despite tough trading environment in the UK, the company managed to achieve sales of 298.7 million pounds (404.5 million dollars) in the 53 weeks to July 2, 2017 against 170 million pounds (230 million dollars) last year. The company had posted sales of 387.8 million pounds...

Report

Office confirms new director

Office has named Michael Mark, currently chief executive of South African fashion retailer Truworths, which acquired the footwear retailer from Silverfleet Capital in November 2015. Truworths is one of Africa’s leading fashion retailers, with more than 650 stores in South Africa and 40 in the rest of the continent, and in November, it bought...

Report

Office names Truworths CFO as Director

British footwear retailer Office has named the current chief financial officer of its new owner, South African retailer Truworths International as a director. According to records in Companies House, Truworths' David Pfaff was appointed as director at Office on December 4, 2015. The new appointment comes not long after Office former owners,...

Management|UPDATE Featured

Truworths acquires Office for 256 million pounds

Following a five-year period of "significant growth in the UK and expansion into Germany" for British footwear retailer Office, comes a change of ownership as Truworths International acquires a majority stake in the company. The acquisition, which has been previously predicted to close last week, was officially announced early Monday morning by...

Business

Silverfleet appoints JP Morgan to advise on Office ́s 300 million sale or float

Silverfleet, the private equity firm which owns high street shoe retailer Office, has brought in advisers to explore the sale or float of the company. Market insiders expect the deal to nail circa 300 million pounds. Silverfleetacquired Office for 150 million pounds in 2010 from Scottish billionaire Sir Tom Hunter’s West Coast Capital. Barely...