Liberty International receives a takeover approach

Reuters 809AM GMT twelve March 2010

Liberty International

"Liberty confirms that it has perceived approaches that might or might not lead to an suggest being done for the company," Liberty said. "At this stage, it is as well early for the house to establish either or not these discussions will outcome in any grave suggest being done for the company."

Liberty, that additionally owns a fabric association and oppulance products brand, pronounced it one after another to see for investors to assistance it grow at home and abroad and was additionally mulling the sale and leaseback of the flagship store on Great Marlborough Street in London"s budding West End entertainment district.

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Earlier this month the association pronounced a series of parties had voiced seductiveness in appropriation the freehold of the Tudor Building on Great Marlborough Street building.

Liberty, that is majority-owned by Britain"s MWB Group (MWB.L), additionally pronounced it had done a clever begin to 2010, driven by one after another great traffic at the Great Marlborough Street store.

Liberty grew sales by twenty percent in 2009, with the flagship store delivering a sixteen percent enlarge in revenues.