• Go Outdoors hired KPMG to explore potential sale
  • Chief executive Chris Matthews said it is in the ā€œinitial stagesā€ of discussions with private investors
  • The retailer would use potential investment to drive its ongoing expansion plans

Go Outdoors has hired financial adviser KPMG to explore the possibility of a potential sale in an effort to fuel expansion.

Go Outdoors boss and former Dixons Carphone executive Chris Matthews said the retailer was in the ā€œinitial stagesā€ of discussions with private investors regarding a potential sale, but declined to comment on whether the groupā€™s owners were seeking a full or partial acquisition, according to the Financial Times. 

Go Outdoors doubled its pre-tax profit to Ā£3.1m in its last full-year results and operates 57 stores across the UK.

In March the retailer unveiled multi-million pound investment plans to launch dedicated in-store cycling departments called Go Cycling across 51 of its shops in an effort to compete with Halfords. 

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