Theo Fennell, the king-of-bling jeweller beloved by Victoria Beckham and Elton John, is in talks to be taken over by a private equity house.
The firm confirmed the news today following a leap in its shares over the last few days. It said it is in “very preliminary talks” with private equity firm EME Capital, perhaps best-known as bankers to night club firm Soho House.
Under City takeover rules, EME has until close of play on October 3 to make a firm offer or walk away.
Theo shares jumped again today, adding 3.55p to 15.3p. That values the business at £3.5 million, though it has reported losses for the last few years.
Founded in 1982, Theo Fennell sells jewellery, watches, silver objects, and gifts designed by its namesake founder. It has turned its attention to emerging markets like China and introduced a low-cost range as demand wanes in recession-hit UK.
