Multichannel retailer Flying Brands has confirmed an offer approach from Scottish billionaire Sir Tom Hunter’s investment vehicle West Coast Capital.

In a statement, Flying Brands said that the approach was at a very early stage and that there was no certainty that an offer would be made at this stage.

Last week, Flying Brands announced a drop in pre-tax profits of more than 50 per cent to£1.2 million following a tough first half for the retailer.

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