Investment group acquires Weird Fish
Clothing retailer Weird Fish has been acquired by Auralis, a new investment group founded by Total Capital Markets.
The deal is believed to value the retailer at £35m, The Times has reported.
Total Capital Markets previously took a 69% stake of Weird Fish from its former owner Piper Private Equity in 2017. Through Auralis, the group has now increased its share to 80%.
David Butler, CEO of Weird Fish, will lead Auralis.
He said: “Weird Fish is now well positioned to continue to improve profitability and with this additional money, it will enable us to accelerate our growth plans.”
Weird Fish has been on an accelerated growth trajectory over the past year, and now operates over 30 stores in the UK. In February, the retailer opened at Dalton Park Outlet in County Durham, before opening its largest UK outlet store at Affinity Devon in May.