Noni B considering takeover bids

Retailer Noni B (NBL) is considering offers from third parties interested in buying the company or taking a controlling stake.

The fashion group's board is assessing its alternatives and has appointed TC Corporate as financial adviser.

Noni B said the approaches are at a very preliminary stage and there can be no assurance a transaction will eventuate.

The retailer last week said 40% owners the Kindl family were considering alternatives for the company's capital structure.