Mountain Warehouse

About 

Inflexion invested in Mountain Warehouse in 2018 before agreeing to exit in 2025 following a period of strong growth.

Founded in 1997, 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.

Value acceleration 

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 1,000 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.