The owners of The Works plan to sell the discount bookseller for about £80m, following a turnaround at the 270-store chain that fell into administration in January 2008.
The Leeds-based private equity firm Endless is poised to appoint the accountancy firm KPMG to run a sale of the retailer. It bought the retailer for about £17m in 2007. Endless initially bought 210 stores. It has since added 60 shops and sees potential for up to 600.
The Works is thought to have delivered earnings before interest, tax, depreciation and amortization of £10m for the year to end of April 2010.
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