Eveden hires PWC to review growth options

Eveden has hired accountancy firm Price Waterhouse Coopers to review strategic options that could include a £150 million sale.

The company owns fuller cup lingerie and swimwear brands Freya, Fantasie, Fauve, Elomi and Goddess, and smaller cup brand Huit.

While a company spokesperson did not refute that the sale of the private equity funded business was an option, Eveden could also be seeking external investment to support further international expansion.

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Eveden chief executive Tracy Lewis said: “We are reviewing options in order to continue maximising the successful international growth that the company has been experiencing.”

Last month, Eveden Group announced an upgrade to its SyscomERP business software system, an Enterprise Resource Planning solution specifically designed for textile and apparel companies, which company reps claimed would help support the growth and diversification of the business worldwide.

The Eveden Group has seen significant growth since a management buyout, backed by Lloyds Development Capital, in 2006.

The company reportedly increased pre-tax profits by 46 per cent to £8.38m for the year to 30 June 2011, during which period it saw a turnover of £87.1m.



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