UNITED KINGDOM (Bloomberg) — The founder of Aspinal of London Ltd., the U.K. luxury handbag and accessory maker, is considering selling a minority stake to fund future growth, two people with knowledge of the matter said.

Chairman Iain Burton, who created the company in 2001, has held talks with private-equity firms over selling about 30 percent in a transaction that could value the company at as much as 150 million pounds ($253 million), said the people, who asked not to be identified because the talks are private.

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