Worldstores

Online furniture retailer WorldStores has appointed accountancy firm KPMG with the task of searching for fresh investment.

According to Sky News, the media source suggested that WorldStores are looking for new investors and for any deal to be wrapped up quickly.

Goldman Sachs backs WorldStores, which brands include Achica and Kiddicare. The global investment banking group pumped £25m in the company last year to lead expansion and delivery plans.

However, according to Sky News, sources indicate that Goldman’s is unlikely to remain a significant investor if a sale was achieved.

Twickenham-based WorldStores was originally founded by Joe Murray and Richard Tucker in 2008, and saw sales surpass £76m last year, generating a growth of 30%, whilst incurring a loss of £6m for the year ended January 2015.