Inflexion, a leading European mid-market private equity firm, today announces it has realised its investment in Mountain Warehouse, a leading global retailer of outdoor clothing and equipment.
Mountain Warehouse operates over 400 stores across Europe, the United States, Canada, New Zealand and Australia, supported by ecommerce platform that represents over 30% percent of sales. The business serves a loyal and growing customer base of more than five million customers.
Since Inflexion’s investment, Mountain Warehouse has evolved from a predominantly store-led retailer into a truly omnichannel business with a strong online proposition. During the investment period, revenues have more than doubled to close to £500m. Almost 100 new stores have been opened and over 1,500 jobs created with meaningful expansion in countries including Canada, New Zealand and more recently Australia. The company broadened its brand portfolio through the acquisitions of Animal in the UK and Eastern Mountain Sports in the US, and opened a new state of the art warehouse and distribution facility in Peterborough in the UK, as well as smaller facilities in the US and Australia. Last year it also opened a new head office in Victoria in central London.
During our partnership, Mountain Warehouse’s financial performance has been strong. It has significantly expanded its geographic and digital footprint while enhancing its product range. We are grateful to Mark and the whole team for their hard work and commitment, and we wish them continued success in the next phase.
I’d like to thank Inflexion for their valuable insight and support during our partnership, especially during the pandemic. They understood the business and really helped turbo-charge our expansion. Together we opened more than 100 stores, invested in our online proposition and entered new markets. We are proud of what we have achieved together and look forward to the next phase of our growth.
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