Silverfleet Capital, a European private-equity firm, has acquired the U.K.-based Office footwear retailer from West Coast Capital. Terms of the deal were not disclosed.
“Office is a great business with a management team that really understands what its customer wants,” said Gareth Whiley, a partner at Silverfleet Capital. “The stores are destinations for anyone looking for fashionable shoes.”
And moving forward, Whiley said, the retailer has the potential to expand internationally.
“It already has a concession in Topshop in New York, and we see opportunity in North America and Europe, but there are no concrete plans as yet,” he said.
Office CEO Brian McCluskey will remain on board under the new ownership.