Online retailer Notonthehighstreet in talks about £200m sale

  • Date: 28-Oct-2020
  • Source: SkyNews
  • Sector:Retail
  • Country:Middle East
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Online retailer Notonthehighstreet in talks about £200m sale

Notonthehighstreet, one of Britain's best-known online retailers, is exploring a sale after seeing revenues surge during the coronavirus pandemic.Sky News has learnt that the company, which was founded in 2006, is working with the investment bank Evercore on an auction which could see it valued at more than £200m.

City sources said that a number of trade bidders and private equity groups had expressed an interest in buying the company, which acts as a marketplace for 5,000 small business-owners.Set