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Fenn Wright Manson battles to safeguard future

Premium womenswear chain was bought by Darwin Private Equity in October 2010

Premium womenswear chain Fenn Wright Manson is battling to safeguard its future just 17 months after it was acquired by a private equity firm.

The retailer, which has 17 shops as well as concessions in John Lewis and House of Fraser, is working with a team at the restructuring specialist Zolfo Cooper to explore options.

The retailer was bought by Darwin Private Equity in October 2010 in a deal which saw its last remaining founder Colin Fenn exit the business. Performance is understood to have deteriorated since Darwin took ownership.

Four of Fenn Wright Manson’s directors, Anju Mahbubani, Patrick Hollwey, Sharon Jones and Claire Lawrence, left the business recently. © 2012 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds