BDO advises on sale of Bravissimo to Japanese lingerie giant
BDO advises on sale of Bravissimo to Japanese lingerie giant
Accountancy and business advisory firm BDO LLP has advised on the sale of UK lingerie brand Bravissimo to Wacoal Holdings Corp – a Japanese-listed manufacturer of women’s lingerie and underwear.
The M&A team acted as lead sell-side advisor to Bravissimo Group Limited, which was sold to Wacoal Europe Limited – a subsidiary of Wacoal Holdings – for an undisclosed sum. The deal strengthens Wacoal’s position in the UK’s large-size lingerie market and enhances its direct retail presence.
The BDO M&A team was led by M&A partner Laura McNaughton and M&A Managing Director, Lorna Hopkinson, with the deal cementing BDO’s position as consumer brand specialists.
Laura McNaughton commented: “BDO is extremely proud to have supported Bravissimo, as it enters the next phase of its impressive growth journey. Through a combination of both rapid preparation and early communication with a competitive buyer pool, we were able to ensure a successful change of ownership. We look forward to seeing the continued development of Bravissimo under its new owners.”
Founded in 1995, Bravissimo is a leader in bras and bra-sized swimwear, made for D cups and up. The company employs 700 people and has 26 shops throughout the UK, with one outlet in the US that complements its online store that sells to women all over the world.
Leanne Cahill, CEO at Bravissimo, said: “The BDO team worked closely with us to find the perfect buyer. Their knowledge and experience played a key part in the outcome and we are delighted with the result. The new ownership will allow the brand to continue to flourish, while enabling us to boost operational efficiency and international market reach through Wacoal’s global presence.
“BDO has really demonstrated its trusted advisor status and ability to deliver a successful outcome for all parties.”
ENDS
The organisations we work with are Britain’s economic engine –entrepreneurially-spirited, high-growth businesses that fuel the economy.
We understand the ambitions and entrepreneurial mindset of those we work with and have the global reach, integrity and expertise to help people and businesses succeed.
BDO LLP
BDO LLP operates in 17 offices across the UK, employing 8,000 people offering tax, audit and assurance, and a range of advisory services. BDO LLP is the UK member firm of the BDO international network.
BDO’s global network
The BDO global network provides business advisory services in 166 countries and territories, with more than 115,000 people working out of 1,776 offices worldwide. It has revenues of US$14bn.
Contacts
Emma Williams
Petal & Co
Email: Emma@petal.co
Press office
Email: media@bdo.co.uk
The M&A team acted as lead sell-side advisor to Bravissimo Group Limited, which was sold to Wacoal Europe Limited – a subsidiary of Wacoal Holdings – for an undisclosed sum. The deal strengthens Wacoal’s position in the UK’s large-size lingerie market and enhances its direct retail presence.
The BDO M&A team was led by M&A partner Laura McNaughton and M&A Managing Director, Lorna Hopkinson, with the deal cementing BDO’s position as consumer brand specialists.
Laura McNaughton commented: “BDO is extremely proud to have supported Bravissimo, as it enters the next phase of its impressive growth journey. Through a combination of both rapid preparation and early communication with a competitive buyer pool, we were able to ensure a successful change of ownership. We look forward to seeing the continued development of Bravissimo under its new owners.”
Founded in 1995, Bravissimo is a leader in bras and bra-sized swimwear, made for D cups and up. The company employs 700 people and has 26 shops throughout the UK, with one outlet in the US that complements its online store that sells to women all over the world.
Leanne Cahill, CEO at Bravissimo, said: “The BDO team worked closely with us to find the perfect buyer. Their knowledge and experience played a key part in the outcome and we are delighted with the result. The new ownership will allow the brand to continue to flourish, while enabling us to boost operational efficiency and international market reach through Wacoal’s global presence.
“BDO has really demonstrated its trusted advisor status and ability to deliver a successful outcome for all parties.”
ENDS
Note to editors
Accountancy and business advisory firm BDO LLP provides integrated advice and solutions to help businesses navigate a changing world.The organisations we work with are Britain’s economic engine –entrepreneurially-spirited, high-growth businesses that fuel the economy.
We understand the ambitions and entrepreneurial mindset of those we work with and have the global reach, integrity and expertise to help people and businesses succeed.
BDO LLP
BDO LLP operates in 17 offices across the UK, employing 8,000 people offering tax, audit and assurance, and a range of advisory services. BDO LLP is the UK member firm of the BDO international network.
BDO’s global network
The BDO global network provides business advisory services in 166 countries and territories, with more than 115,000 people working out of 1,776 offices worldwide. It has revenues of US$14bn.
Contacts
Emma Williams
Petal & Co
Email: Emma@petal.co
Press office
Email: media@bdo.co.uk