Another high-end department store in London, Liberty, is about to change hands. Marco Capello, former managing director of Merrill Lynch Global Private Equity, is widely rumored to be preparing a bid after a £41.5 million (€48.4m-$60.5m) sale and leaseback deal for the famous Tudor-style building of its 11,600-m² flagship store on Great Malborough Street, near Carnaby Street. Founded in 1875 by Arthur Lasenby Liberty, who gave his name to the art nouveau movement, the company started making a small profit again in 2009 as its sales rose by 20 percent to £60.77 million (€88.6m-$70.9m). A further 40 percent increase was recorded in the first four months of this year.