The founders of White Stuff, the style retailer, are exploring a possible sale of the enterprise they based in 1985.
Sky News has learnt that George Treves and Sean Thomas have engaged Rothschild, the funding financial institution, to discipline gives following the receipt of an unsolicited strategy from a potential purchaser.
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City sources stated on Thursday that the pair had not dedicated to a sale of the chain and {that a} determination to take action would rely upon the valuation it attracted.
One analyst recommended that the corporate may very well be price within the area of £50m.
White Stuff has steadily constructed a outstanding presence on Britain’s excessive streets, and now trades from greater than 100 outlets.
Employing 1,200 individuals, the corporate is run by Jo Jenkins, who ran clothes and sweetness at Marks & Spencer till she stop to affix White Stuff in 2017.
White Stuff now has partnerships with retail giants together with M&S, John Lewis and Next – and has grown efficiently, with complete gross sales rising by over 13% throughout its final monetary yr.
The firm is wholly owned by its founders, who started their partnership by promoting T-shirts door to door.
Selling menswear and womenswear, it now boasts greater than 500 stockists world wide.
A spokesman for White Stuff declined to remark.
Source: information.sky.com”