Scottish luxury retailer House of Bruar has been placed on the market by its founders, following a strategic review that took place after they announced their intention to retire.
Mark and Linda Birkbeck founded the company in 1992, and have developed it to a status where it is informally known as the 'Harrods of the North'. It is based on an 11-acre site near the A9 in Perthshire and retails high-end clothing brands, including Barbour, Camel Active, Gant, Hackett, Timberland, North Face, as well as food and homewares.
The couple said that the strategic review had stressed to them that the company should only be sold "provided that a fair price reflecting the significance of The House of Bruar" could be agreed. It is understood that the company, which has no debt, has previously received indicative offers of around £50 million.
Documents from Companies House, uncovered by the Scottish Herald, revealed that the company's profits have dropped by some 30 per cent. The Birckbecks' elder son Patrick said that it was due to significant spending over the last year, with the construction of a new menswear hall, as well as prohibitive mail order costs.
Accounts to January 2011 showed a pre-tax profit of £2.9 million, compared with £4.1 million in the previous year. 
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