Robert Dyas could go up for sale

The banks that own hardware retailer Robert Dyas could be looking to put the business up for sale, according to reports.

Robert Dyas could go up for sale

Lloyds and Allied Irish banks have been meeting with advisory firms with a view to selling the high street chain now that it is back in profit.

The banks prevented the retailer from collapsing into administration in 2009 by backing a management buyout. In its financial year to March it turned a £10.4m pre-tax loss into a £2.7m profit.

Robert Dyas operates 100 stores and is reportedly valued at £25m.

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