The Fragrance Shop is preparing to make its stock market debut, according to a report published by Sky News.

The UK retailer is said to be working with investment bank Rothschild on an IPO, slated for early next year.

“Following strong year-on-year growth and positive Christmas 2017 trading figures, the business is exploring a number of strategic expansion opportunities available that will enable us to build on our success and continue to trade strongly within a challenging retail market.

“At this stage no definitive decisions have been made with regards what that will look like,” said a spokesperson for The Fragrance Shop in a statement.