The founders of White Stuff are exploring into a possible sale of the company as they hire investment bank Rothschild to manage the process.
George Treves and Sean Thomas received an unsolicited offer for the chain, which led them to hire Rothschild, according to Sky News, however, the decision to push ahead with a sale will be based on the value it attracts, according to City sources.
One analyst indicated White Stuff could be worth around £50m.
In November, the retailer posted a rise in both profits and sales in a strong year of growth, as shoppers returned to the high street post-pandemic.
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Total sales at the brand rose 13.3% year on year to £151.4m “driven by customers returning to all shop types including city centres, shopping malls, market towns and resorts”.
Profits more than doubled, soaring from £2.9m to £7m, while online sales were also up 7.3% at £65.8m.
White Stuff currently has more than 100 stores and employs 1,200 staff at the business.
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