Luxury Goods

FF Group searching for Links of London buyer

Links of London owner Folli-Follie Group (FF Group) has confirmed that it has appointed firms Deloitte and Savigny to the potential sale of the retailer.

Last week Sky News reported that the group had been looking for a new owner, with sources telling the broadcaster it was “almost inevitable” a sale would take place in a pre-pack administration or that a post-transaction restructuring would be required.

A statement from FF Group said: “The company can confirm that it has appointed Deloitte and Savigny Partners to investigate the option of a full sale of the business, but that is the extent of their mandate at this point. Links of London remains in the process of a turnaround plan that the company continues to support.”

The news comes after the jeweller reported pre-tax loss of £20.6m for the year ending December 2017.

In April, the brand also pulled out of the US market shutting its 15 stores as part of a turnaround effort to stave off insolvency.

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