Hyperlinks of London proprietor Folli-Follie Group (FF Group) has confirmed that it has appointed corporations Deloitte and Savigny to the potential sale of the retailer.
Final week Sky Information reported that the group had been on the lookout for a brand new proprietor, with sources telling the broadcaster it was “virtually inevitable” a sale would happen in a pre-pack administration or that a post-transaction restructuring can be required.
A press release from FF Group stated: “The corporate can verify that it has appointed Deloitte and Savigny Companions to analyze the choice of a full sale of the enterprise, however that’s the extent of their mandate at this level. Hyperlinks of London stays within the technique of a turnaround plan that the corporate continues to assist.”
The information comes after the jeweller reported pre-tax lack of £20.6m for the 12 months ending December 2017.
In April, the model additionally pulled out of the US market, shutting its 15 shops as a part of a turnaround effort to stave off insolvency.