Published on 26 - October - 2009
Matalan considers saleHomewares chain approached by private equity firm CVC Capital Partners in takeover bid.
Matalan is believed to have been contacted by several parties interested in acquiring the business, including a takeover bid from private equity group CVC Capital Partners.
The news follows reports that accountancy firm Pricewaterhouse Coopers is advising the retailer on a potential £1.5bn sale.
Matalan, which was taken private by founder John Hargreaves three years ago, recently announced a recruitment drive with plans to take on 1,800 new members of staff.
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