Inc Retail Group announces Tootsa MacGinty acquisition
The newly formed group has reportedly completed the takeover in a bid to bolster its core offering
Inc Retail Group, a part of Inc and Co, has reportedly announced the acquisition of children’s clothing brand Tootsa MacGinty for an undisclosed sum.
According to Drapers, the newly formed Manchester group completed the takeover in a bid to bolster its core offering.
The group added that the deal “further defines its footprint in redefining retail through nurturing brands and providing them with a platform to grow”.
Headed by Dan Shaw, a former board director at Jones Bootmaker, Inc Retail Group has already made a string of acquisitions since its inception in 2020.
The firm now controls the accessories brand Knomo London, salad takeaway chain Chop’d, and dry cleaning and laundry app Laundrapp.
Shaw told Drapers: “Tootsa MacGinty’s strong commitment to sustainability perfectly fits with our dynamic and purpose-led acquisition strategy.
“Complementing and expanding our growing apparel and accessories portfolio, this acquisition offers us the potential to fully pursue our vision, and opens the doors to creating a group e-commerce dedicated team.”
Retail Sector has contacted Inc Retail Group for further comment.
