The family that owns River Island has taken control of Mint Velvet in a deal that values the company at more than £100 million.
The Lewis family made the move after acquiring a stake in the business back in 2015.
A spokesperson for the family said: “This investment reflects high confidence in the business, brand and people. The business continues to be run independently by founders Liz Houghton and Lisa Agar-Rae, who remain invested.”
