Certainly one of Britain’s largest on-line jewellery retailers has employed bankers to find a sale after a string of unsolicited takeover approaches.
Sky Information understands that The Diamond Retailer, which was primarily based in 2006, has appointed finnCap Cavendish to oversee talks with potential patrons.
Metropolis sources said financial and strategic patrons have been anticipated to take a look on the enterprise.
The Diamond Retailer was primarily based by Gary Ingram, an entrepreneur with a background in on-line promoting and advertising and marketing who found the strategy of buying jewellery cumbersome and laden with jargon.
The agency is now run by Jeremy Kanzen, who took the helm two years previously.
It describes itself as crucial participant of its selection throughout the UK.
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In a press launch, The Diamond Retailer confirmed that it had engaged advisers “to judge…gives and discover strategic choices for the enterprise and the alternatives they might present”.
It said it had “turn into one of the vital trusted and respected on-line jewellers within the UK”, together with that it had confirmed a “dedication to distinctive customer support, unwavering high quality, and aggressive pricing”.
It was unclear on Monday what valuation the enterprise might entice in a sale.
FinnCap Cavendish couldn’t be reached for contact upon the strategy.