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Liberty London 'up for sale'

The owners of department store Liberty London are reportedly exploring a sale of the business. 

Private equity firm Bluegem Capital Partners, Liberty’s largest shareholder, has allegedly hired investment banking firm UBS to explore a potential sale and look into finding prospective buyers for the retailer.

The retail landmark, located on Great Marlborough Street in central London, could sell for more than £300m, Sky News reports. 

UBS, Liberty and Bluegem Capital Partners declined to comment when contacted by Drapers.

The department store was sold to BlueGem Capital Capital Partners for just over £40m in 2010. 

 

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