The Original Factory Shop (TOFS) is exploring strategic options, potentially considering another sale attempt.
- TOFS has engaged Teneo as advisors, replacing last year’s advisors, Deloitte.
- Duke Street Capital, TOFS’s owner since 2007, has been pursuing a sale for several years.
- The business continues to operate normally and anticipates robust performance over the holiday season.
- Previous strategic reviews included collaboration with investment bank Rothschild in 2016.
The Original Factory Shop, a prominent player in the discount retail sector, is currently in the process of evaluating its strategic options. Among these considerations is the possibility of attempting another sale. The company has recently brought in the advisory firm Teneo to assist with this exploration, succeeding the efforts of Deloitte from the previous year. This marks a significant step in the company’s ongoing strategic review endeavors.
Duke Street Capital, the private equity firm that acquired TOFS in 2007, has been actively seeking to sell the business for a considerable time. The firm initially began discussions with potential advisors as early as 2013, at which time TOFS was reportedly valued at over £100 million. Despite these efforts, a successful sale has yet to be realized, though the determination to explore this route remains.
Adding to this strategic pursuit, TOFS has experienced prior advisory collaborations, notably with the investment bank Rothschild in 2016. This engagement was aimed at conducting a thorough strategic review that was expected to result in an auction process, although such results did not materialize at the time.
In the meantime, TOFS assures stakeholders that its operations remain undisturbed and the company looks forward to a prosperous performance during the bustling Christmas period. This assurance demonstrates the stability and continued market presence of the business amidst these strategic evaluations.
The Original Factory Shop remains focused on evaluating its strategic paths while maintaining operational stability.
