One of Britain’s largest on-line jewelry retailers has employed bankers to discover a sale after a string of unsolicited takeover approaches.
Sky News understands that The Diamond Store, which was based in 2006, has appointed finnCap Cavendish to supervise talks with potential patrons.
City sources stated monetary and strategic patrons have been anticipated to have a look at the enterprise.
The Diamond Store was based by Gary Ingram, an entrepreneur with a background in on-line advertising and marketing who discovered the method of shopping for jewelry cumbersome and laden with jargon.
The firm is now run by Jeremy Kanzen, who took the helm two years in the past.
It describes itself as the most important participant of its variety within the UK.
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In a press release, The Diamond Store confirmed that it had engaged advisers “to evaluate…offers and explore strategic options for the business and the opportunities they may provide”.
It stated it had “become one of the most trusted and reputable online jewellers in the UK”, including that it had proven a “commitment to exceptional customer service, unwavering quality, and competitive pricing”.
It was unclear on Monday what valuation the enterprise may entice in a sale.
FinnCap Cavendish couldn’t be reached for touch upon the method.
Source: information.sky.com”