Mountain Warehouse

About 

Outdoor retailer Mountain Warehouse underwent strong growth during a seven-year minority partnership with Inflexion Partnership Capital which saw revenues more than double and expansion into North America and Australasia. 

Founded in 1997, Mountain Warehouse operates over 400 stores across Europe, the United States, Canada, New Zealand and Australia, supported by an 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 

During Inflexion’s investment, Mountain Warehouse evolved from a predominantly store-led retailer into a truly omnichannel business with a strong online proposition. During the investment period, revenues more than doubled to close to £500m as nearly 100 new stores opened and over 1,000 jobs were created with meaningful expansion in countries including Canada, New Zealand and latterly 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. In 2025 it also opened a new head office in Victoria in central London.