Blue Gem news and archive

Lion Capital acquires The DMC Group

BlueGem Capital Partners has sold The DMC Group, which comprises of leading European needlecraft brands, including DMC, Wool and the Gang and Sirdar, to Lion Capital LLP. BlueGem formed The DMC Group in August 2016 as a consolidation platform for complementary needlecraft brands, following the acquisition of DMC and Wool and the Gang. This then...

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Business

Liberty London could be sold for 350 million pounds

Liberty London department store could be going up for sale after its largest shareholders hired bankers to explore a potential sale of its stake in the business, Sky News reports. Private equity firm BlueGem Capital Partners has “asked UBS to sound out prospective bidders for business” and is looking for around 300 million pounds for the deal,...

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Business

BlueGem acquires hand knitting yarns Sirdar

London-based mid-market private equity manager, BlueGem Capital Partners has acquired UK market leader in hand knitting yarns Sirdar, as it looks to establish a global leader in needlecraft. The newly acquired Sirdar, which includes the UK’s popular hand knitting yarn for babies, Snuggly, will sit alongside complementary needlecraft brands, DMC...

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Business

Liberty's owners set their sights on a future floatation

Iconic department store Liberty may go public in as little as three years, as owners private equity firm BlueGem are said to be eyeing a potential listing. BlueGem, which first acquired the 140 year old department store in 2010 for 32 million pounds, has spent the past five years heavily investing in and overhauling the brand's overall image...

Design

Mamas & Papas sells majority stake

Premium children’s and maternity retailer Mamas & Papas has inked a deal with private equity firm BlueGem, which is taking amajority stake in the previously 100 percent family-owned firm. Founded more than 30 years ago by husband and wife team David and Luisa Scacchetti, the deal marks the first time the maternity specialist retailer has sold a...

Fashion

Patrick Cox eyewear collection

Eyewear trade show MIDO, will see the debut of Patrick Cox' first eyewear collection. British manufacturer Bluegem has been granted to license Patrick Cox to produce a range of eyewear for SS09. The Patrick Cox label is renowned for it's creativity, ingenuity and luxury. The eyewear collection will feature both sunglasses and prescription...