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.