Kitchenware retailer Lakeland explores sale as it battles cost pressures Kitchenware firm Lakeland is considering putting itself up for a sale in a bid to secure its future amid a “challenging” environment for retailers.
“In response to the challenging retail environment, we are considering a number of options to ensure a sustainable and long-term capital structure, which builds on our 60-year heritage as one of the UK’s most innovative homeware retailers.”.
The Windermere-based company sells kitchenware like air fryers and food processors and homeware products from 59 outlets across the UK, with about 1,000 staff.
It reported a pre-tax loss of £2 million for 2023 in its most recent published accounts, saying it entered the year “facing the most challenging economic conditions for several decades”.
The company is thought to have appointed financial advisers from consultancy Teneo to explore appetite among speculative buyers, as first reported in Sky News.
