Furniture retailer Cotswold Company lays groundwork for sale

The long-standing proprietor of The Cotswold Company, the premium furnishings and homewares brand, is paving the mode for a merchantability aft retaining concern bankers to oversee discussions with imaginable buyers.

Sky News has learnt that True, the backstage equity firm, precocious appointed Rothschild-owned Arrowpoint Advisory to formulate a semipermanent disposal plan.

Sources said that an auction of the premium handcrafted furnishings retailer was not imminent, but acknowledged that True was expected to prosecute a merchantability successful the adjacent mates of years.

The capitalist has owned the concern since 2016.

News of the prospective merchantability comes 2 weeks aft The Cotswold Company reported a 30% emergence successful income successful the six months to August 30.

It said the emergence had been driven by beardown momentum down the brand, arsenic good arsenic improvements to its integer offering.

The institution has much than 250,000 progressive customers, and opened 2 caller showrooms during the half-year period.

Ralph Tucker, The Cotswold Company's main executive, said it provided "alternatives to soulless and low-quality furniture".

It precocious recruited TV property Will Kirk arsenic its prime expert, which it hopes volition cement its credentials arsenic a seller of products known for their craftsmanship and sustainability.

True and The Cotswold Company declined to comment.