The owner of The Cotswold Company, a premium furniture and homewares brand, is preparing for a sale and has enlisted investment bankers to facilitate discussions with potential buyers. Sky News has reported that True, a private equity firm, has engaged Rothschild-owned Arrowpoint Advisory to develop a long-term plan for the company’s sale.
While an auction for the handcrafted furniture retailer is not imminent, sources suggest that True is likely to pursue a sale within the next few years. True has been the owner of The Cotswold Company since 2016, and news of the potential sale follows a 30% increase in sales for the company in the six months leading up to August 30. This growth has been attributed to the strong momentum behind the brand and enhancements to its digital platform.
The Cotswold Company boasts over 250,000 active customers and has opened two new showrooms in recent months. Ralph Tucker, the company’s CEO, emphasized the company’s commitment to providing high-quality, artisanal furniture as an alternative to mass-produced, low-quality options. The company has also brought on board TV personality Will Kirk as a quality expert to further establish its reputation for craftsmanship and sustainability.
True and The Cotswold Company have chosen not to provide any comments regarding the potential sale.
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SOURCE