The Works has appointed Gavin Peck as its new chief financial officer as the value retailer reportedly gears up for a stock market float.

Peck was previously commercial director at Card Factory – the business founded by The Works’ chairman Dean Hoyle.

It is understood that the value books and gifts retailer, which was bought by private equity firm Endless in 2008, could list in London in mid-July with a value of around £100m. 

According to Reuters, The Works drafted in Investec last year to manage the process.

The business has aggressive store opening plans and told Retail Week last year that there was scope for as many as 1,000 stores.

Vicky Norrish, who has held the role of finance director at The Works for the last nine years, is moving into a new role as strategic development director.

Peck said: “I am delighted to be joining this dynamic, fast-growing business that continues to buck the trend on the high street. I look forward to working with Kevin [Keaney, chief executive] and the wider team and contributing to its ongoing growth and success.”

The retailer, which currently has over 400 shops, said sales jumped 8% to £166.4m in the year to April 30, 2017.