Outdoor clothing and equipment retailer, Go Outdoors, is set to sell a minority stake to a private-equity firm to finance its expansion plans, Independent reports. The 27-store chain is in discussions with a number of private-equity firms, including 3i, over selling a stake of about 20%. PricewaterhouseCoopers is managing the sale process for the Sheffield-based retailer. Go Outdoors, which is seeking to open 50 stores before the end of 2012, held talks in 2010 with Blacks Leisure, the owner of Blacks and Millets, about a potential takeover of the group.

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