• Go Outdoors hired KPMG to explore potential sale
  • Chief executive Chris Matthews said it is in the “initial stages” 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 “initial stages” of discussions with private investors regarding a potential sale, but declined to comment on whether the group’s owners were seeking a full or partial acquisition, according to the Financial Times. 

Go Outdoors doubled its pre-tax profit to £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