Menswear retailer Blue Inc has laid down plans to open 20 stores next year ahead of a possible flotation or share placing.

The retailer, which has about 100 stores in the UK, is seeking retail units with a sales area of 2,500 to 4,000 sq ft in cities and smaller to mid-sized towns.

This year the business is set to record profits of £3m and turnover of £55m.

Property agent King Sturge is acting for the retailer.

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