Phase Eight, a London, UK-based women’s wear retailer, has received an investment of undisclosed amount from TowerBrook Capital Partners L.P.
TowerBrook will use its retail experience and international operations in assisting Phase Eight management in continuing to grow the business over the next few years.
The company is currently involved in expanding both its network of stores and its department store partners.
Closing of the transaction is expected to take place later in February 2011.
Commenting on the investment, Michael Rahamim, Chairman, Phase Eight, said: “Phase Eight has gone from strength to strength since we opened our first store and I strongly believe that in TowerBrook, with its substantial retail experience and large capital base, we have found the ideal partner to help develop the future of our brand”.
Phase Eight designs shoes, jewellery, coats, dresses, skirts and blouses, which are also available online.
FinSMEs
10/02/2011