By  on August 8, 2014

LONDON — 3i has picked Goldman Sachs to conduct a strategic review of the Agent Provocateur business, according to an industry source familiar with the situation.

As reported last week, 3i, the international private equity investor, wants to explore its options with regard to Agent Provocateur, the luxury British lingerie business, which it has owned since 2007.

It had been talking to banks including Goldman Sachs and Rothschild about conducting a review of the British brand that could see it sold for upward of 200 million pounds, or $340 million at current exchange.

However, the source said that a sale is only one of a range of options potentially on the table, and that nothing would be decided before next year.

Both 3i and Goldman Sachs declined to comment Friday. The Goldman Sachs news was first reported by Bloomberg.

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