Outdoor clothing brand Penfield, founded in Massachusetts in 1975, makes goose down jackets, fleeces and outerwear. In 2005, chief executive James Barshall, 48, set up Penfield Inc to acquire the distribution licence for Penfield in Europe, and later bought the brand outright, establishing Penfield as a wholly British-owned company. The business sells it clothes primarily through department stores – including Selfridges and Liberty – and 62% of its £9.7m sales were generated abroad last year. In 2007, Oakley Capital Private Equity bought a minority stake in the company for an undisclosed sum.
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