Banner acquires schoolwear retailer F.R. Monkhouse

Completed on June 6, Banner has affirmed its market-leading position in the supply of uniform and sportswear to the schoolwear industry with the acquisition of schoolwear retailer F.R. Monkhouse.

The acquisition reinforces Banner’s continued commitment to supporting the fundamental role that strong independent retailers play in offering flexible and convenient ways for schools and parents to purchase school uniform and sportswear in a rapidly changing market.

Glenn Leech, Banner’s CEO, said: “Banner is committed to providing outstanding service to all our retailers and this acquisition will give us valuable insights into how we can further improve our offer.

“We remain dedicated to raising standards across the industry and building even closer relationships with our retail partners.

“F.R. Monkhouse is one of the largest independent retailers in the UK with a strong and highly respected leadership team and we look forward to working with them.”

F.R. Monkhouse’s managing director, Peter Monkhouse, added: “We are of course delighted to join the Banner Group and the future opportunities this acquisition will bring to enable us to meet our customers’ ever changing needs while continuing to deliver outstanding service all year round and help to drive the industry forward.”

Following the acquisition, F.R. Monkhouse will continue to operate as normal with the same structure and team in place and there are no changes to Banner’s operations.