The home shopping tycoon who was among the most prominent business backers of Britain’s departure from the EU has put his company up for sale just months before the end of the Brexit transition period.
Sky News understands that John Mills has instructed Cavendish Corporate Finance to contact prospective buyers of JML, a multichannel retailer of consumer products.
The process is at an early stage and is not expected to result in a deal for several months, according to people close to the process.
Mr Mills set up JML in 1986 in the basement of his north London home, since when it has grown into a business recording more than £100m in annual sales.
He continues to hold a roughly 70% stake in it.
As the founder of Labour Leave, the tycoon was a vocal supporter of Brexit.