Smythson could be sold
10/03/2009
London-based luxury leathergoods retailer Smythson could go up for sale in the near future.
The company’s majority owner, private equity firm Kelso Place Asset Management, has appointed financial advisers Cavendish Corporate Finance to review the matter. Cavendish engineered the sale of the company to its current owner in 2005 for a price of £16 million.
The Press Association reported Kelso as saying it had recently received a number of enquiries from potential buyers.
Smythson has its main store in London’s Bond Street, and 16 other outlets in the UK, Ireland, the US and Hong Kong.
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