Peter Williams and BlueGem acquire Jack Wills

Endaba Group

Jack Wills founder Peter Williams has joined forces with Liberty department store owner BlueGem to acquire the fashion chain after buying out long-standing investor Inflexion! The acquisition sees the retailer’s Non-Executive Chairman Mervyn Davies step down, and replaced by Mamas and Papas Chairman Derek Lovelock, while Williams will continue to lead the business as Chief Executive. The news was revealed alongside Jack Wills posting a 41.4% slump in full-year EBITDA to £5.1m. BlueGem have a proven track record of building successful partnerships with premium British brands such as Liberty and Jack Wills hope that the significant amount of capital will allow them to continue their international expansion and revival!