PE owner looks for Original Factory Shop exit

THE private equity owner of Lancashire discount retailer The Original Factory Shop is seeking an exit from the fast-growing business.

TheBusinessDesk.com understands that Duke Street Capital has hired investment bank Rothschilds - which led this year's £955m sale of Pets at Home to KKR - to run the sale process.

A price tag of between £160m and £200m has been mooted for the Burnley-based company, which like many others in the value retail sector, has enjoyed rapid sales growth as hard-pressed shoppers seek low prices... For the full story register now for free or login below...

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