John Mills, the home shopping mogul and prominent Brexiteer, is exploring a sale of his business to an overseas buyer in a deal that could value it at about £50 million.
The sale process for JML, which was started at the beginning of the year, is understood to have been revived as sales surged during lockdown, with shoppers buying more of the company’s gadgets to make working from home more comfortable.
The business said that its direct-to-consumer sales had more than doubled over the past quarter, rising by 118 per cent.
Ken Daly, 49, chief executive, said that the heatwave during lockdown had resulted in a boost of sales of its mini air conditioners, as well as gel inserts for pillows and mattresses and
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September 02, 2020 at 06:01AM
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