The owners of fashion retailer White Stuff are reportedly exploring a sale of the business after receiving surprise interest from a prospective buyer.
White Stuff founders George Treves and Sean Thomas are said to be in talks with investment bank Rothschild regarding offers after receiving an âunsolicited approach from a prospective buyerâ, Sky News has reported.
Sources said that the entrepreneurial duo had not yet committed to a sale of the fashion retailer and that a decision would largely depend on the valuation it attracted.
An analyst told Sky News that the company could be worth in the region of ÂŁ50m.
White Stuff declined to comment on the potential takeover.
White Stuff was founded in 1985 and currently has a UK store estate of more than 130, as well as eight stores internationally.
The news comes after White Stuff reported a rise in both profits and sales in its most recent trading update for the 52 weeks to April 29, 2023.
EBITDA was up from ÂŁ2.9m the previous year to a total of ÂŁ7m.
During the year, total sales also jumped 13.3% to ÂŁ151.4m, while total retail sales were up 18.1% to ÂŁ73.9m.
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