UK specialist bathrooms retailer Bathstore is poised to change hands as investment fund owner Endless grooms the retailer for a sale.
Endless bought Watford-based Bathstore for £15m in May 2012 and has decided to examine a sale of the business.
The retail chain operates more than 150 shops across the UK and Endless has hired investment bank Rothschild to sound out interest from potential buyers, Sky News reported.
The bathroom specialist made a full-year profit of £3.3m in its year to July 2013 as it broke back into the black after making an operating loss of £3.8m the previous year, Retail Week reported last month.
Total sales jumped 10% to £99m in its last financial year.
Endless said: “We are pleased with the performance of Bathstore since we made our investment in May 2012.
“There has been encouraging inbound interest in the business and we continue to work with management to support its growth.”
It is thought unlikely Endless will pursue a float for Bathstore despite the raft of retailers seeking a public listing.
Bathstore owner hires adviser to examine sale of the business
- Currently reading
Bathstore owner Endless hires adviser Rothschild to examine sale of the business