Retailer

Carlyle Said to Near Deal for U.K. Online Luxury Retailer End

Carlyle Group Inc. is nearing a deal to invest in U.K. online fashion retailer End Clothing, people with knowledge of the matter said.

The private equity firm beat out rival bidders for a stake in the Newcastle-based company, the people said, asking not to be identified because the information is private.

End was founded more than 15 years ago by entrepreneurs Christiaan Ashworth and John Parker. It sells a variety of men’s modern fashion and has relationships with more than 400 luxury brands and designers including Givenchy, Alexander McQueen, Kenzo and Valentino, according to its website.

The company runs physical stores in London’s Soho shopping and entertainment district as well as Newcastle and Glasgow. Its profit after tax increased 20% in the year through March 2020 to reach 26 million pounds ($36 million), according to U.K. corporate filings. Revenue for the period rose 27% to 170.5 million pounds.

Goldman Sachs

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This New Online Retailer Pairs Shoppers With Beauty Brands That Align With Their Values

“Today, more than ever, shoppers understand that how and where they spend their dollars can drive real economic impact,” says Geenie founder Chana Ginelle Ewing.

Geenie founder Chana Ginelle Ewing.
Geenie founder Chana Ginelle Ewing.

We’re living in a time when major corporations are being put on blast — for problematic labor practices, problematic leadershipproblematic political affiliations, problematic sustainability practices, you name it. And consumers are increasingly questioning where and how they spend their dollars. 

Fortunately for beauty shoppers, it also happens to be a boom time for indie beauty brands, many of which are BIPOC-owned and driven by principles of inclusion, philanthropy and lifting up marginalized people. But parsing through the many (many) emerging labels on the market — and determining what their values are — can be complicated and time-consuming. Enter Geenie, a new e-commerce marketplace founded by author and marketing veteran Chana Ginelle Ewing, that seeks to 

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