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Speciality Retail Group

Speciality Retail Group, the operator of 71 stores under the Suits You, Racing Green and Young's brands, has been acquired by Arafa Holding of Egypt.

Speciality Retail Group is planning to open 20 Suits You menswear stores over the next three years, and will also open more Racing Green outlets.

Speciality Retail Group has undergone a £30m management buy-out backed by Gresham Private Equity, and is now planning to expand its Suits You and Racing Green stores.

Speciality Retail Group is to expand its Autonomy womenswear shops onto the high street with two pilot stores in Bath and Guildford, and is also planning to redesign its Woodhouse menswear stores.

Speciality Retail Group has bought Racing Green, the clothing retailer, from Rubicon for undisclosed terms.