Redcats completes sell

International home shopping company Redcats, announced wholly owned subsidiary Redcats USA completed the sell of its missy division including Chadwick, metrostyle and Closeout Catalog Outlet. The missy apparel brands were sold to a US private equity fund. The home shopping company was already looking to sell the missy apparel business earlier this year, after the successful acquisition of United Retail Group, which includes almost 500 Avenue stores. The decision was part of the strategic plan to focus on developing the special size brands, as well as sporting goods and outdoor brands in a true multi-channel format. Thierry Falque-Pierrotin, Chairman and CEO of Redcats Group said; “The sale of Chadwick’s, metrostyle and Closeout Catalog Outlet, in the U.S. is a further step in the focalization of Redcats Group brands portfolio on clear leadership positions.” Redcats is a multi-brand company offering men’s and women’s plus-size apparel, lifestyle, and sporting goods via a multi-channel network combining catalog, e-commerce and stores. The group generated 3.76 billion Euros of sales in 2007 with 15 brands in 29 countries and a staff of around 22,000 associates. Sales are split between France (51.5%), USA (24.9%) and the rest of the world (23.6%). Redcats Group is a PPR Company, which develops a portfolio of high-growth global brands.

Image: Chadwick