Slick Stitch, the Wolverhampton apparel personalisation fulfilment businesses, has bought Direct Clothing for an undisclosed sum.
Ascot-based Direct Clothing provides both on-site and online school shops supplying custom designed school uniforms.
It is Slick Stitch’s fourth, and largest, acquisition in just over a year following the acquisitions of Dollymix Boutique (a player in children’s wear personalisation in the UK), Molly & Monty (a business which designs and manufactures luxury children’s clothes and gifts in the UK) and Andrew Hyde (a national school wear business) and adds further to Slick Stitch’s school uniform and e-commerce portfolio.
Slick Stitch says it is currently considering other acquisition opportunities, in particular in the personalised children’s’ wear and school uniform sectors and is confident of adding further brands to its existing portfolio.
Slick Stitch CEO, Inder Jain, said: “We are delighted to have acquired Direct Clothing. The business increases our existing school uniform business by 50% and augments our e-commerce offering. We have exciting plans to grow the business and are also looking at other opportunities. I would like to thank Simon in trusting us to take the business he has built forward and I look forward to working with him.”
A Browne Jacobson team advising Slick Stitch was led by corporate finance partner Michael Stace with support from associate Matt Dorman and trainee Deveshi Patel.
Stace said: “It was a pleasure to help Slick Stitch secure yet another acquisition to add to its already impressive school uniform business. Direct Clothing has impressive collection of schools on its books and looks like a good addition to the Slick Stitch stable.”
Source: The Business Desk
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