Republic looking at possible sale

The Leeds-based chain has more than 100 outlets and plans to open another 15 this year.

Private equity firm Change Capital Partners bought a controlling stake in 2005 in a deal which valued Republic at 105m.

Five years on, the venture capitalist has appointed Rothschild, the corporate financier, to advise on future options for Republic, which could include a sale, refinancing or initial public offering, although the latter is thought less likely.

It is understood that the management – Tim Whitworth and Carl Brewins – will remain with the business.

They hold a significant stake in the company, said to be around 40 per cent.

The retailer targets the 17-35 age group and sells top labels such as G-Star, Bench and Fenchurch as well as high-performing house brands. Republic also has a successful online busi-ness.

Profits have tripled since 2005 and the 200m turnover company has paid off most of its debt.

Mr Whitworth, the chief executive, said back in January: "We are excellently positioned to continue our exceptional growth."