By

Sandra Halliday Published December 20, 2024 Reading time
2 minutes Download
Print
Text size

TOFS owner explores options again, chain could be back on the market

By

Sandra Halliday Published
December 20, 2024

Discounter The Original Factory Shop (TOFS) is reportedly “exploring options” after Deloitte earlier failed to find a buyer for it. Teneo is believed to be acting as adviser to owner Duke Street Capital as those options are looked at.

TOFS is one of the UK’s biggest discount retailers and The Times reported that Duke Street hired new advisers, although this hasn't been confirmed.

Duke Street bought the business in 2007 and in spring 2023 it was  reported to be up for sale with analysts saying it could be an attractive purchase prospect. In the previous autumn it had reported a return to profit and as recently as last year it was upbeat, saying it would “guarantee” interviews to retail staff from New Look and Wilko who were at risk of redundancy or had been made redundant.