The owners of luxury retailer Matchesfashion.com are exploring a potential sale of the business, it has been reported.
The company is seeking advisors to manage the process, sources told Business of Fashion.
A spokeswoman for Matches said it would not comment on speculation.
Matches has four bricks-and-mortar stores and a private shopping “townhouse” concept in London. It plans to open a second townhouse in Mayfair later this year. The large majority of its sales are made online.
Matches reported a record 61% jump in turnover to £204m for the year to 31 January 2016. EBITDA was up 458% on 2015, to £19m.
It launched a 90-minute delivery service last year and moved its head office to The Shard in London, expanding its office space by 40% to 48,000 sq ft.
The company launched 30 years ago, in 1987, when Tom and Ruth Chapman opened the first store in Wimbledon, south London.
The Chapmans still own about 70% of the business, while venture capital firms Scottish Equity Partners and Highland own the rest.
One industry observer told Drapers rumours of a sale “have been in the air for a while”.
He added: “It doesn’t come as a surprise. The venture capitalists are obviously looking to get a return on their investment.”