Bathstore poised for sale, as Endless appoints Rothschild investment bank to find buyers
Owner of Bathstore, Endless has confirmed reports it has appointed Rothschild investment bank to explore a sale of the company.
It follows Bathstore’s return to proft, for the first time since its acquisition.
Bathstore made a full-year profit of £3.3million to July 2013, whereas last year it made a loss of £3.8million. Its total sales increased by 10% to £99million in its last financial year.
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The company believes its revival of fortunes is based upon the combined customer experience of instore and online sales. Following a redesign of its website, which now includes a 2D room planner, video tutorials, quote retrieval and online ordering, Bathstore has had an18% increase in web traffic and 47.5% growth in online sales in 12 months.
Endless bought the 172-strong chain of bathroom showrooms for £15million from plumbing group Wolsleley.
A spokeman from Endless said: “We are pleased with the performance of Bathstore since we made our investment in May 2012. There has been encouraging inbound interest in the business and we continue to work with management to support its growth.”
Pictured is CEO of Bathstore Gary Favell
Sintered stone manufacturer Neolith has launched Calacatta Roma and Cappadocia Sunset, inspired by nature and classical architecture, and for use in kitchens or bathrooms walls, floors, in gardens or facades.
They belong to The New Classtone and Fusioncollections which interpret marble and natural stone, respectively, and boast Neolith’s antibacterial NeolEAT technology.
Inspired by Ancient Rome, Calacatta Roma (pictured top) pays homage to Italian Carrara marble, with ochre and grey veins in a white background.
While the Cappadocia region, in central Turkey, with its rock formations formed by volcanoes and underground cities, has inspired Cappadocia Sunset (pictured below).
Just like all of Neolith’s surfaces, Calacatta Roma and Cappadocia Sunset are resistant to heat and atmospheric conditions, are 100% recyclable, and do not contain added quartz to their formulation.
Mar 14, 2024
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