The sale of footwear retailer Dune has been delayed despite receiving offers from Footasylum owner Aurelius and Next.
The retailer appointed KPMG back in March to find new investors for the business to help accelerate its growth.
The buyer would take on founder Daniel Rubin’s controlling stake in the business.
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Drapers reported that Dune has received multiple offers from prospective buyers but that the bids did not match the target valuation.
The retailer reported a 73% rise in EBITDA to £10.9m last month for the year to 28 January 2023, with sales for the period up 20.8% to £141.4m.
It attributed its strong performance to “the effect of successfully executing the strategy of brand elevation and good progress on key growth platforms”.
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