Endless Acquires Bathstore

Endless, a UK-based turnaround investor, has acquired Bathstore, a Watford, UK-based independent specialist bathroom retailer, from Wolseley plc.

Endless has invested £11m in the company.

Bathstore now intends to use the proceeds to develop the store estate and the e-commerce offering.

The company currently employs around 500 people and operates through a network of 169 stores across the UK. It recorded sales in 2011 of £95m, delivering EBITDA of £6.5m.

Wolseley had identified the business as a non-core operation.



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