Womenswear brand Fenn Wright Manson has been acquired by Darwin Private Equity.
One of the company’s founders, Colin Fenn, will be stepping down as Managing Director to make way for a number of new additions to the management team.
Darwin has opted to back the standing existing management team of Patrick Hollwey, Claire Lawrence, Sharon Jones, Anju Mahbubani and Maggie Chan, but has appointed Louise Barnes as Executive Chairman and Sheila Wye as Finance Director.
Barnes was most recently CEO of clothing retailer Fat Face and has also held the position of Brand Director at Monsoon, while Wye was Finance Director at Gold Group International - a portfolio of companies including Knickerbox and Ann Summers.
Jonathan Kaye, Partner of Darwin Private Equity, commented: “Fenn Wright Manson is a fantastic business, and we see great potential for further development.
“The business has a strong and experienced management team in place which will be further enhanced by the addition of Louise and Sheila.
“We look forward to working with them to invest in and develop this exciting opportunity, whilst retaining Fenn Wright Manson’s reputation for quality built up over many years.”
Fenn Wright Manson has 12 independent boutique stores and 61 UK and Ireland-based concessions in department stores such as House of Fraser and John Lewis.