Endless partners with Anthony Solomon on The Works
Following the acquisition of The Works Stores Ltd (“The Works”) on 2 May 2008, Endless are pleased to announce that they have entered into a partnership agreement with Anthony Solomon who has co invested alongside Endless in the UK’s largest discount book retailer.
Anthony brings significant experience and a strong track record in the discount retail sector having successfully launched and sold North Shoe, The Famous Brunswick Shoe Warehouse, Poundzone and The Factory Shop Group. Anthony's knowledge and expertise will provide significant strength to the business and combined with extensive networks in the UK, Europe and Asia will ensure The Works will also benefit from access to quality value products.
Anthony Solomon commented; "I am delighted to have invested in The Works and excited about this opportunity. The business has great scope to restore itself to its historical success via its core markets. I see this as an excellent opportunity for me to return to the retail sector".
Garry Wilson, Partner, of Endless commented; "I am very pleased that Anthony has agreed to co invest with Endless. We have backed several offers which Anthony has made for retailers in the past 18 months in recognition of his track record in the value and discount market. We look forward to working with them both and know their involvement and investment will greatly enhance the future prospects for The Works".
Anthony will take up the role of Chairman and Chief Executive with overall day to day control of the business of The Works.