Betaville

Oak Furniture Land hires PricewaterhouseCoopers to review "strategic options" - sources

One of Britain's largest specialist furniture retailers could be about to sell a stake in the company as part of a deal that would value the business at around £400 million.

Betaville understands Oak Furniture Land has appointed advisers from PricewaterhouseCoopers to carry out a "strategic review", which may lead to a sale of a minority or majority stake in the business.

A stake sale would likely net Jason Bannister, the founder of Swindon-based Oak Furniture Land, a multi-million cash windfall. He started out by selling hardwood furniture via Ebay in 2004...