Fat Face has appointed financial advisory and asset management firm Lazard to conduct a review of its business ahead of a potential float.

The 205-store lifestyle retailer has hired the firm to review its capital structure which could lead to a sale, according to Retail Week sister magazine Drapers.

There has been mounting speculation in the market that Fat Face is set to list next year, following the appointment of former Marks & Spencer boss Stuart Rose as chairman in the summer.

Earlier this year the retailer revealed it was to expand into the US with plans to open stores followed by a country specific transactional site within the next two years.

At the same time it revealed turnover jumped 9% to £179m in the 53 weeks to June 2 with EBITDA up 29% to £31.2m. Fat Face opened 10 stores over the year, relocated a further six and refurbished nine. It also repaid £18m of debt.