Mimco may be up for sale

30/03/2011
According to the Wall Street Journal, the owners of Australian leathergoods retail chain Mimco are considering selling.

The newspaper said private equity firm Gresham was considering a bid for clothing store chain Witchery, and the sources close to the prospective deal believed Mimco could be sold with Witchery. Another possibility is that Mimco could be sold separately.

Mimco has boutiques throughout Australia, as well as in three cities in New Zealand. More recently the company opened boutiques in several parts of the United Kingdom and in Ireland.