North West supermarket chain Booths is reportedly up for sale for between £130m and £150m.
Owned by the Booth family for five generations since it opened in Blackpool in 1847, the chain has 28 locations and employs more than 2,800 people.
The family still own a 96% stake in the business.
According to reports, the company’s chief executive has appointed advisers from investment bank Rothschild to look at bids for the company.
In a statement, the retailer said: "Booths has been retailing for over 170 years and it remains a very strong, resilient and well-loved brand.
"One of our strengths has been our ability to adapt to changing market conditions and naturally, we always keep our strategic options open."
The company reported a £6.3m loss in 2016, after making £1.1m profit the previous year.
Earlier this year, Chris Dee stepped down as chief executive after 22 years.
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