3i news and archive

Agent Provocateur to shutter all Australian stores

London - It seems as if fears concerning the future of Agent Provocateur may prove to be true, as the luxury lingerie retailer is set to shutter all of its Australia stores. 3 of Agent Provocateur current retail locations in Australia have already closed, as the last location is set to close its doors as soon as all its stock has been sold....

Business|UPDATE Featured

Confirmed: Sports Direct founder acquires Agent Provocateur

UPDATE: AlixPartners, the firm which has been appointed to oversee adminstration of luxury lingerie brand of Agent Provocateur, has confirmed its sale to Four Holdings, the investment vehicle held by Mike Ashley, founder and owner of Sports Direct. Read more here London - Sports Direct is said to have emerged as the new owner of Agent...

Business

3i receives more than a dozen offers for Agent Provocateur

London - More than 12 offers have been reportedly made for luxury lingerie retailer Agent Provocateur, although private equity owners 3i have yet to finalize a sale. The offers for the struggling retailer come a few weeks after 3i put Agent Provocateur for sale following a poor December trading period. The owners are currently seeking an offer...

Business

Hobbs owner 3i reportedly prepares to offload the retailer

London - Private equity group 3i is said to be preparing women’s wear retailer Hobbs for sale. The premium label, a favourite of the Duchess of Cambridge, could sell for as much as 80 million pounds, according to a report from the Sunday Times. 3i is said to be close to hiring investment banker NM Rothschild to oversee the sale, after owning the...

Fashion

3i said to sell Hobbs for up to GBP250million

Private equity firm 3i and Hobbs’ management are said to have been actively searching for investors and, according to British media, are soon to appoint advisers from PricewaterhouseCoopers (PwC). The investment firm also owns Agent Provocateur. As reported by ‘The Telegraph’ on Sunday, sources said PwC has indicated to Hobbs (which encloses...