Lakeland considers sale of 59 UK stores as it fights to secure its future Kitchenware giant Lakeland is considering putting itself up for sale in a strategic move to safeguard its future, amid what it describes as a "challenging" retail landscape.
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.".
With approximately 1,000 employees, the homeware brand, known for selling items such as air fryers and food processors, operates out of 59 UK stores.
In its latest published accounts for 2023, Lakeland reported facing down the toughest economic times in decades, resulting in a pre-tax loss of £2m.
Financial experts from the consultancy Teneo are believed to have been enlisted to test the waters for potential buyers, as reported by Sky News.
