Cotswold Company owner hires advisers for potential sale
It is understood that a formal auction was not imminent but that a sale was likely to be pursued within the next two years
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Private equity firm True, the owner of The Cotswold Company, has reportedly appointed Arrowpoint Advisory to help prepare furniture and homewares retailer for a future sale, according to Sky News.
True, which has owned the business since 2016, is understood to have asked the Rothschild-owned advisory firm to draw up a long-term disposal plan.
It is understood that a formal auction was not imminent but that a sale was likely to be pursued within the next two years.
The move follows a strong trading period for The Cotswold Company, which reported a 30% increase in sales for the six months to 30 August. The company said growth had been supported by stronger brand momentum and improvements to its digital operations.
The Cotswold Company has more than 250,000 active customers and opened two new showrooms during the half-year period.
According to chief executive Ralph Tucker, the business aimed to provide “alternatives to soulless and low-quality furniture”.
The retailer also recently appointed television personality Will Kirk as its quality expert, a move intended to reinforce its reputation for craftsmanship and sustainability.
Both True and The Cotswold Company have been approached for comment.
