US retailer BJ’s Wholesale Club is close to hiring an advisor to explore strategic alternatives, including a possible sale to a private-equity firm, according to reports.

According to the New York Post, private-equity group Leonard Green is looking to take over the chain.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The fund has been been courting the warehouse club operator since July after taking a 9.5% stake in the retailer.

According to the report, lead candidates to advise the firm include Goldman Sachs and Morgan Stanley.

The report said that BJ’s had been dragging its heels in negotiations with Leonard Green, with an unnamed source saying that the private-equity firm pressured BJ’s to either a firm answer on possible negotiations.

“Frankly I think management is worried about losing their jobs if they sell,” the source told the newspaper.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now