Fashion Investments and M&A

Date: August 2023
Buyer: AK Retail (owner of Yours Clothing, M&Co.)
Target: Evans
Business: Fashion Retail
Value: £8m
Details: Following their rescue acquisition of distressed clothing retailer M&Co at the beginning of the year, AK Retail has acquired the brand and IP of Evans (female fashion retailer with a focus on plus-size clothing) from firm City Chic Collective, for £8m. Evans was sold to City Chic Collective in 2020 from Arcadia Group for £23m. The acquisition will result in a new Evans warehouse opening in Peterborough, where AK Retail is based.