Fat Face has appointed financial advisory and asset management firm Lazard to conduct a review of its business, ahead of what is thought to be a move to go public.
Drapers understands that the lifestyle retailer has appointed the firm to review capital structure and look at the business’ best possible options for the future, although it is not known whether this could lead to a change in ownership.
There has been mounting speculation in the marketplace that the retailer is set to list next year, following the appointment of M&S chairman and chief executive Stuart Rose as chairman in the summer.
Earlier this year the chain revealed it was to expand into the US with plans to open stores followed by a dedicated US transactional site within the next two years.
The 205-store retailer revealed its plans as it announced a 9% increase in turnover to £179m for the 53 weeks to June 2 with EBITDA up 29% to £31.2m. The unaudited results also show that online sales soared by 27% over the period.
Fat Face opened 10 stores over the year, relocated a further six and refurbished nine. It also repaid £18m of debt.