Seasalt abandons business sale plan


Seasalt abandons business sale plan

Cornish multichannel retailer Seasalt which had been reviewing its expansion options has decided not to proceed with equity sale as the economic climate continues to cause concern. Next had expressed interest, as had Davidson Kempner.

In a statement, the business said: “Over recent months, Seasalt has been exploring the option of additional external investment to grow the business at scale and pace. Following a period of meetings with potential investors, we have made a conscious decision to step back from the process and we will not progress with a sale of the business at this point in time”.

 

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