Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Long Tall Sally Acquired From Amery Capital by Equistone-backed TriStyle Mode GmbH


News provided by

Long Tall Sally

26 Aug, 2016, 15:36 GMT

Share this article

Share toX

Share this article

Share toX

This image opens in the lightbox
Long Tall Sally (PRNewsFoto/Long Tall Sally)
This image opens in the lightbox
Long Tall Sally (PRNewsFoto/Long Tall Sally) (PRNewsFoto/Long Tall Sally)

LONDON, August 26, 2016 /PRNewswire/ --

Amery Capital Exits Long Tall Sally (LTS) to TriStyle Mode GmbH (TriStyle), Backed by Equistone Partners Europe (Equistone), one of Europe's Leading Mid-market Private Equity Investors

TriStyle, the German direct fashion retailer operating brands Peter Hahn and Madeleine across Europe has acquired the Amery Capital backed tall women's specialist, Long Tall Sally, in deal valued at c. £30 million.

     (Photo: http://photos.prnewswire.com/prnh/20160826/401698 )
     (Logo: http://photos.prnewswire.com/prnh/20160111/320735LOGO )

TriStyle was itself acquired by Equistone last year and the business has been actively looking for other synergistic opportunities that can benefit from TriStyle's strong operating, sourcing and financial stability, strength and momentum.

Long Tall Sally will continue to be operated independently from its east London offices with the existing management team led by Andrew Shapin.

Andrew Shapin, CEO, Long Tall Sally commented: "The tall women of the world have a strong desire to purchase well made, up to date fashion and we are proud and passionate about working to provide them real choice. Our team, with the backing of Amery Capital, has transformed LTS from a £10 million UK retailer to an international, fast growing, profitable, digitally led £50 million (€60m, $68m) sales p.a. omni-channel business, with c.70% of sales online. We are very excited about the opportunity to continue to accelerate our growth around the world with the backing of one of Europe's leading direct to consumer fashion businesses."

Maurice Helfgott, Chairman of Amery Capital and Long Tall Sally said, "We are delighted that Michael and Maurice Bennett will deservedly enjoy yet another successful return on the inspiration, wisdom, and laughs they have invested in Long Tall Sally over the past 10 years. They join me in wholeheartedly thanking Andrew Shapin and our experienced teams and suppliers across the world for making Long Tall Sally such a success.

I am very pleased to remain with the business as Chairman, and to reinvest with Andrew in TriStyle alongside such accomplished professional investors Equistone Partners Europe."

Michael Bork Partner of Equistone and Head of the Advisory Board of TriStyle said, "I think Long Tall Sally and Andrew and Maurice and the team are wonderful and am excited and confident about their future together with TriStyle. We are grateful about the opportunity to work together in the future for the sake of our customers. As promised we will add interesting businesses to the TriStyle Group to grow the business organically and by external acquisitions. But it's not all just about growth,the creativity, professionalism, understanding of customers, markets and product of both teams is outstanding and will result in a success story."

Niels Degen, member of the TriStyle management team said: "At TriStyle we are delighted to welcome Long Tall Sally to our group. Together with Long Tall Sally and its fabulous management team we will continue to strengthen our position as a leading women's omni-channel fashion retailer. We will work together closely for continuous growth of the TriStyle companies Long Tall Sally, Peter Hahn and Madeleine."

---

Advisors: 

Amery Capital and Long Tall Sally, its Shareholders and Management were advised by BDO (Tax DD), Blick Rothenberg (Audit and Tax DD), Berwin Leighton Paisner (Legal Advisor), Financo (Financial Advisor), KPMG (FDD and Tax Advice), Javelin (CDD) and Livingstone Partners (Management Advisor).

Michael Bork and Dr. Katja Mühlhäuser led the transaction for Equistone Partners Europe. TriStyle and Equistone were advised by Shearman and Sterling (Finance EPE), Latham & Watkins (Banking), CMS (Legal Due Diligence, SPA), KPMG (Financial and Tax Due Diligence) and PWC (Commercial Due Diligence).

Notes to Editors: 

Long Tall Sally 

www.longtallsally.com

Long Tall Sally is an omnii-channel retailer of fashion for taller women. The Company was founded in 1975 by six-foot tall American entrepreneur, Judy Rich, who opened the first store on Chiltern Street in the west end of London in 1976. The Company's mission is to be "the first choice in fashion for tall women worldwide".

LTS an online led omni-channel retailer generating c.70pc of it revenues from it ecommerce websites, supported by a catalogue distributed in its four main markets of US, UK, CA and DE as well as shipping to over 120 countries. The business also has 10 stores in the UK, 7 in Canada, 4 in the US and 5 in Germany. The Company achieved LTM to July 2016 sales of c.£50 million and underlying profit of £3.8 million (Euro 4.4m USD 5.0 million). All clothing is designed in-house, carefully proportioned to flatter taller women. The company has 388 employees globally, 212 working in the UK, 129 in North America and 47 in Germany.

Amery Capital Limited purchased long Tall Sally through a CVA in 2005 and has funded the organic growth and acquisitions, which have together transformed the business, including Tall Girls CA, Barefoot Tess USA, Long Fashion DE and Long Elegant Legs USA, all of which have been subsumed into a global single view of customers and inventory,

Amery Capital 

Amery Capital was founded by Maurice Helfgott with the backing of legendary retail entrepreneurs, Michael and Maurice Bennett on its key investment projects. Maurice leads Amery Capital as Executive Chairman, with a principal focus on advising and investing in digital, retail and consumer businesses in the private and public markets.

Amery Capital's other current investment interests include Oliver Sweeney and Goat Fashion. Earlier successful investments included Retail Profile Europe Limited which was successfully sold to SpaceandPeople PLC in 2013.

Equistone  

Equistone is an independent investment firm wholly-owned and managed by its executives. The company is one of Europe's leading investors in mid-market buyouts with a strong, consistent track record spanning over 30 years, with more than 400 transactions completed in this period. Equistone has a strong focus on change of ownership deals and aims to invest between €25 million and €125 million of equity in businesses with enterprise values of between €50 million and €300 million. The company has a team of 37 investment professionals operating across France, Germany, Switzerland and the UK, investing as a strategic partner alongside management teams. Equistone is currently investing its fifth buyout fund, which held a final closing at its €2 billion hardcap in April 2015.

Equistone is authorised and regulated by the Financial Conduct Authority. Further information can be found at www.equistonepe.com

Michael Bennett and Maurice Bennett CBE  

After successfully building up and selling Bennett Cameras to Dixons in the 1960s, Maurice and Michael Bennett founded Warehouse, the first really successful British own-brand, design-led, fashion retailer, which was subsequently sold to Freeman's in 1986.

In 1991 they founded Oasis Stores , developing the business from £ 1 million turnover to a hugely successful, publicly listed fashion retailer. Along the way they bought Coast - a brand developed from £2m turnover when it was bought, to almost £ 100 million today. In 2002, Maurice and Michael Bennett successfully exited Oasis Group when PPM Ventures took the company private.  

The Bennetts subsequently took control of Phase Eight, turning around and growing the company and selling it to Barclays Capital in 2005, producing a seven times return on investment for themselves and their partners.  

Michael and Maurice were awarded the prestigious Lifetime Achievement Award at the Drapers Gala Dinner in 2006.

Maurice Helfgott  

Maurice is the Founder and Executive Chairman of Amery Capital, a principal investment and advisory firm with a focus on digital, retail and fashion related businesses.

As well as being Chairman of Long Tall Sally, Maurice is Chairman of leading European online optical company, MyOptique Group, backed by six European VCs including Index Ventures and Highland Capital, and which announced a successful exit to Essilor International in August 2016.

He is also Chairman of Amery investee company, Oliver Sweeney, the luxury menswear brand also backed by the Business Growth Fund; Chairman of Unforgettable.org, a start up B Corporation helping people with dementia, backed by Bridges Ventures and Impact Ventures UK. In addition, Maurice serves on the Boards of END. Clothing and Goat Fashion and is Senior Independent Director of Moss Bros Plc. He has worked as an independent industry advisor to a number of leading international PE firms.

Maurice was previously an Executive Director on the Main Board of Marks and Spencer plc and holds an MBA with High Distinction from Harvard Business School.

Andrew Shapin

Andrew has been CEO of Long Tall Sally since 2007. He previously founded and ran the very successful Cotswold Company from 1997, where he remains Chairman. From 1991 to 1997 he was Group Marketing Director of Innovations PLC, a company that seeded much of the marketing talent in early UK digital entrepreneurship.

TriStyle Group 

TriStyle Mode GmbH, headquartered in Munich, is a holding which unites the independently managed mail order and ecommerce companies Peter Hahn and Madeleine. The enterprise belongs to Equity Investor Equistone Partners Europe.

With its two brands specialising in high-quality women's fashion for the 45-plus target group, TriStyle is among the European mail-order market leaders in the Best Ager segment. Within this group, it has a stable and expansive portfolio that, on a strategic and financial level, is steered and monitored by the holding. 

The company also has sourcing offices in Hong Kong, Bangkok, Istanbul and Porto, incorporated under the name TriStyle Sourcing Ltd. 

In the 2014/2015 fiscal year, the mail-order company with 1,354 employees recorded sales of €505.4 million (consolidated). Of this amount, €170.9 million are allocated on Madeleine (272 employees) and €334.8 million on Peter Hahn (1,004 employees).

Each of the two brands - Peter Hahn and Madeleine - is distinct from one another due to their clear brand and product profiles. They cover the entire spectrum of high-quality ladies' fashion and accessories for the 45-plus target age group. The companies sell their products in 11 countries with their own foreign subsidiaries. Across Europe, customers can shop online or by catalogue, as well as in more than 20 department stores in Germany and Switzerland.

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.