Theo in private equity takeover talks
Theo Fennell, which sells jewellery at prices ranging up to £250,000 or more per piece, said it was in “very preliminary” talks with EME Capital over a bid.
But the group, which sells jewellery designed by its founder, art school graduate Theo Fennell, who still owns 16.1 per cent of the company, said there was no certainty a formal offer would be made for its business.
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Hide AdShares in the company, which also designed trophies for the Italian and Monaco Formula One Grand Prix events, were 30 per cent higher, giving it a market value of £3.5m.
Theo Fennell, which sells its products in jewellers across the country, reported a pre-tax loss of £1.7m in the year to March 31.