DFS, the UK’s largest furniture retailer, is considering a float or third-party investment.
Any deal would mean a windfall for chairman and owner Lord Kirkham, who took the company private five years ago for £507m, after a battle with shareholders who accused him of trying to buy back the company cheap.
According to reports, Kirkham is conducting a review to consider options.
A spokesman said: “Through our City adviser, we are exploring options, which may include a possible IPO or third-party investment.”
Kirkham is understood however to have carried out similar reviews in the past but decided against any action.