Dune London explores sale as founder Daniel Rubin plans retirement
- Dune London has appointed FTI Consulting's M&A team to evaluate options including new ownership or investment, with the process described as being at an early stage and no preferred route chosen yet.
- Founder and chair Daniel Rubin, who started the brand in 1992, is preparing for retirement and says the process aims to accelerate Dune's next phase of growth in the UK and internationally.
- Operating losses at the footwear and accessories business widened 50.7% to £5.9m in the year to 1 February 2025, while EBITDA fell from £4.9m to £0.2m.
- Turnover slipped 3.1% to £137.6m and gross profit fell the same 3.1% to £66.1m, even as the brand sells in 37 markets through more than 350 stores, its own website, and wholesale partners such as Frasers, Fenwick, Next, Nordstrom and Dillard's.
- Rubin says any interest will be judged against what is right for the long-term development of Dune, its people and its customers, and stresses that no decisions have been taken.