Reports suggest Bluegem Capital is preparing to sell off nursery retailer, Mamas & Papas.
Bluegem Capital has owned the business since 2014, and in 2019, a pre-pack administration deal was carried out, as well as an earlier Company Voluntary Agreement (CVA).
Mamas & Papas reported sales of over £100 million for the year ending March 2022, which included £11 million pre-tax profit.
The retailer currently operates 22 of its own stores and has been growing its concession business with Next. Mamas & Papas also recently announced a partnership with Laura Ashley.
