Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Whistles said to be in talks with potential buyers

Whistles boss Jane Shepherdson is in talks with prospective investors about a sale of part or all of the business, according to reports.

Whistles

KPMG is overseeing the process and has contacted a number of investors with financial information about the high street chain, Sky News understands.

The management team, including Shepherdson, own a substantial part of the business. It is not known what size of stake is up for sale.

Whistles’ sales grew 11% to £62.9m for the year to January 31, but the business made a pre-tax loss of £2.4m after swallowing the cost of launching menswear, expanding in the US and replatforming its website.

Now just over a year old, the menswear collection is said to be performing well, although no sales figures have been released to date.

Whistles trades from about 50 stores in the UK and Ireland and more than 75 concessions, including in Harrods and Selfridges.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.