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Office owner appoints JP Morgan to advise on possible sale

Office’s private equity owner Silverfleet has appointed bankers at JP Morgan to explore a potential sale or float of the footwear retailer, The Telegraph reports.

Silverfleet acquired Office from West Coast Capital for just under £150m in 2010. It is thought the retailer has now been valued at £300m.

Industry insiders have previously told Drapers Office was likely to be mulling a float in 2015 to fund a boost to its international footprint.

It has three stores in Oberhausen, Düsseldorf and Bonn in Germany, as well as concessions in Topshop stores in Las Vegas, New York and Chicago.

It is not known whether a sale would be for the whole, or part of, the business.

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