KPMG to advise on sale of clothing business
KPMG lined up to advise on the sale of the Original Factory Shop
KPMG corporate finance specialists have been appointed to advise on a
strategic review of clothing business Original Factory Group, after its owners
put the retailer up for sale, according to reports.
The group, with an estimated value of between £70m and £80m, operates through
78 stores across the UK and is currently owned by Barclays Private Equity. A
number of other PE firms are interested in the sale, reported the Daily
KPMG declined to comment, while Barclays were unavailable for comment.