Envoy Capital Group Inc. is planning to sell its subsidiary, Watt International Inc., which provides consulting services to brand marketers, retailers and developers.
The plan aligns with Envoy’s strategy of divesting all assets outside of merchant banking, the Toronto-based company announced today.
“Management has already received significant unsolicited expressions of interest in acquiring Watt during the last several weeks and will continue to explore all opportunities,” Envoy said.
It has hired Gilchrist Capital to assist in the sale.
Watt International is an integrated retail agency founded by Canadian design great Don Watt. It provides research and insight, strategy and consulting, branding, and design advice to brand marketers, retailers and developers.
