Hull-based online bathroom retailer Victoria Plum has been bought by Endless, after its owners TPG called time on its unsuccessful investment. TPG spent £200m on the business, then known as Victoria Plumb, in 2014, but struggled to turn a profit since. Its most recent accounts show it broke even on sales of £63m in the year to February 2018. Details of the deal have not been disclosed, however Endless’s Fund IV stipulates that it can pay no more than £80m in a single transaction.
