Sky News has reported that high street investor, Hilco, is in advanced discussions to fund a buyout of Lakeland.
A deal for the family-owned retailer could be agreed in the next few days, say insiders. If agreed, the sale would follow months of talks with potential buyers, including Modella Capital, which recently bought WH Smith.
Lakeland is currently controlled by the three sons of founder Alan Rayner and has been seeking new funding as it faces challenges including the national insurance increases.
The company instructed Teneo in January as advisers, to explore a potential sale.
