HUDDERSFIELD Town owner Dean Hoyle is considering a plan which could see him sell the Card Factory business he founded.
The firm, based in Wakefield, has confirmed it has appointed KPMG to advise on its future. An all-options report is believed to contain one possible avenue which is a management buyout with private equity backing.
Mr Hoyle and his wife Janet founded the greeting cards business in 1997.
Card Factory is now one of Yorkshire's fastest growing companies with 4,000 staff and nearly 480 stores.
Richard Hayes, managing director of the Card Factory, said KPMG were retained as advisers just to explore all options.
When he was asked about a possible sale, he said: "We have not even started the process. All we are doing at the moment is understanding our options."
The management team consists of Mr Hayes, a former Royal Bank of Scotland corporate banker who was relationship manager to the Card Factory, group finance director Darren Bryant, formerly the corporate finance partner for Yorkshire at PricewaterhouseCoopers, and logistics director Christopher Beck, who used to work at Grant Thornton in Leeds.
The chairman is Keith Pacey, who is the executive chairman of Maplin Electronics.
The most recent published figures for Sportswift, which trades as the Card Factory, had turnover for the seven months to the end of January 2008 at £90m with a profit of £17m.
The company has yet to publish its annual figures for the year ending January 2009, but they are expected to show considerable growth and profitability.
Full story in Wednesday's Examiner.