Fashion label Lipsy snapped up by Next

The husband and wife founders of fashion label Lipsy were £3.5m (€4.46m) richer today after being bought out by retail giant Next.

Fashion label Lipsy snapped up by Next
Thu, 02 Oct, 2008 - 15:31

The husband and wife founders of fashion label Lipsy were £3.5 million richer today after being bought out by retail giant Next.

Jeremy and Marcelle Stakol, who own 25% of the business, have sold up, along with their private equity backers, in a deal worth £17.4 million.

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