Trimingham Brothers Ltd. moved another step towards exiting the retail sector yesterday by putting its only standalone retail business up for sale.

Trimingham?s purchased Sovereign Fine Jewellers Ltd. as a going concern from David Herrington some years ago. The store, which celebrated its 24th anniversary last year, is the only retail business that the company owns that does not bear the Trimingham?s name.

The company is advertising the one-store business as having an ?excellent location on Reid Street?, a ?well-established business and clientele? with ?well-trained and experienced staff?. The store, which is housed in a rental property, currently has four full-time staff.

Yesterday, Trimingham?s legal counsel Wendell Hollis said: ?The idea is that Trimingham Brothers would be looking at selling it off as going concern.?

The Island?s oldest retailer has also been investigating the possibility of selling off other departments within its main retail operation as going concerns.

The shoes, jewellery and cosmetics departments are among those Mr. Hollis previously pinpointed as possibly ending up in other hands.

At least three parties are interested in taking over the store?s cosmetic business, however yesterday Mr. Hollis had nothing further to report on those negotiations.

Along with its main store on Front Street, Trimingham?s will also be closing down its various Trimingham?s satellite shops within the next couple months. All but the store in Paget are rental properties.

As for the Paget property, Mr. Hollis said that the owners, the Trimingham family trust, are now ?reviewing their options?.