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Accrington-based catalogue and ecommerce retailer Studio is soon to put itself up for sale after hiring a specialist advisor.
The company is owned by Frasers Group, which holds a 37 per cent stake, and Schroder Investment Management, which holds a 19 per cent stake.
Options for sale are being explored after Studio produced bumper sales figures during the lockdown. In the six months to September 25, revenues increased by 17 per cent to £268m and pre-tax profit increased 52 per cent to £17.7m.
The company says figures have continued trending upwards since, and it has now enlisted the services of Stifel, a financial advisor which will be able to conduct a formal sale process.
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