The longtime owner of COTSWOLD Company, the brand of furniture and articles at premium home, opens the way for a sale after having kept investment bankers to supervise discussions with potential buyers.
Sky News has learned that True, the investment capital company, has recently been appointed Advisory Arrowpoint belonging to Rothschild to formulate a long-term elimination plan.
Sources have indicated an auction of the premium manufactured by hand furniture retailer was not imminent, but it is recognized that True had to continue a sale over the next two years.
The investor has owned the company since 2016.
The news of the potential sale comes two weeks after the COTSWOLD company declared a 30% increase in sales in the six months to August 30.
He said that the climb had been motivated by a strong momentum behind the brand, as well as improvements in its digital offer.
Find out more Sky News:
Japan could miss Asahi
Thunned friend to reveal 1.5 billion pounds sterling float
Supplier’s advocacy on JLR Cyber Attack
The company has more than 250,000 active customers and has opened two new exhibition rooms during the semi -annual period.
Ralph Tucker, director general of Cotswold Company, said that he had provided “alternatives to soulless and poor quality furniture”.
He recently recruited the personality of television Will Kirk as his quality expert, who, in hope, will cement his references as a seller of known products for their know-how and their sustainability.
True and COTSWOLD company refused to comment.