Faith Shoes, a well-known British high fashion brand, has been acquired by Bridgepoint Capital in a transaction totalling £64 million ($123.8 million).

The business currently operates 67 stores and 120 concessions nationwide, generating annual net sales of £73.5 million. Bridgepoint has plans to extend the brand’s presence further still. “Faith is already a well-established brand with an experienced management team capable of rolling the business out further,” said director of Bridgepoint, Jason McGibbon.

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