Blacks Leisure has confirmed that it is in preliminary discussions with several parties interested in acquiring the company or some of its trading activities and related assets.
Blacks Leisure is the owner of Blacks and Millets stores, which provide goods and clothing for outdoor activities, such as camping and hiking.
The company added that there was "no certainty" that any formal offer would be made, nor were there any details as to what form any potential deal may take.
Blacks said that it had retained McQueen Limited to advise it on the matter.
A further announcement is to be made as appropriate, the company said.
By 11:25 shares in Blacks Leisure were up 25.00 per cent to 42.50 pence per share.