The owners of UK fashion chain Republic have hired investment bank Rothschild to explore options that might eventually lead to a sale.

Republic, which sells brands including Bench and G-Star, has bolstered its store count and online presence since it was purchased by Change Capital in 2005.

It is thought that Change will now consider options including an initial public offering (IPO) or sale of the fashion retailer.

A spokesperson for Republic confirmed to hiring of Rothschild but could not comment further.