IPO
This coverage examines initial public offerings (IPOs) in the UK retail sector, focusing on company valuations, market conditions, investor response, and strategic objectives. Reporting highlights how retailers prepare for and navigate IPOs as part of their growth plans — offering insight for executives, financial managers, and professionals involved in retail finance and corporate strategy.
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Nov- 2022 -25 NovemberPeople Moves
Pepco Group appoints former CEO as chairman
Pepco Group, the parent company of variety discount retailer Poundland in the UK, has announced the appointment of Andy Bond as chairman and Neil Galloway as chief financial officer. Bond, who was the former CEO of the group and led it through its flotation on the Warsaw Stock Exchange, will…
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Sep- 2022 -26 SeptemberAnalysis
Made.com for sale: what went wrong?
Made.com has officially put itself up for sale amid fears the business will be unable to raise fresh equity due to plummeting consumer confidence in the UK and supply chain disruptions. The online furniture retailer revealed plans to implement additional cost reductions, such a strategic headcount review, which is set…
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Aug- 2022 -18 AugustPeople Moves
B&M names former KPMG-head as non-executive director
B&M has appointed Oliver Tant as a non-executive director, effective 1 November 2022, and he will succeed Ron McMillan as chair of the Audit and Risk Committee at the conclusion of the Company’s AGM in July 2023. The appointment is subject to shareholder approval, and by this time, McMillan will…
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Jun- 2022 -29 JuneHigh Street
Moonpig posts £51m profit for FY22
Moonpig has revealed adjusted profit before tax of £51.5m for the year end 30 April 2022, down 30.9% on its 2021 results, but up 55.2% on 2020. Meanwhile its group revenue was £304.4m, down 17.3% on 2021 but up 75.8% on 2020 figures. Adjusted EBITDA was down 18.7% to 74.9m,…
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20 JuneEconomy
Deliveroo appoints new chief financial officer
Deliveroo has announced that it has appointed Scilla Grimble as its new chief financial officer. Grimble, who is currently chief financial officer at MoneySupermarket.com Group plc, is expected to commence her appointment by no later than June 2023. She was previously interim chief financial officer at Marks and Spencer where…
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1 JuneClothing & Shoes
Dr Martens profits surge to £214m amid record sales
Dr Martens has hailed a set of “record results” for the full-year period ending 30 March 2022 with its adjusted pre-tax profits surging 43% to £214.3m, after it revealed it sold “more pairs of boots, shoes, and sandals than at any time in its 62-year history”. The footwear brand, founded…
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May- 2022 -23 MayOnline & Digital
Barclay Family to revive Very Group IPO plans
The owners of the Very Group, the Barclay family, are reportedly set to revive plans to float the company next year after initially postponing the idea due to unfavourable market conditions. According to The Sunday Times, the Barclay Family, which values the company at around £4bn, has offered incentive packages…
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11 MayHealth & Beauty
Beauty Bay drafts in advisors after IPO stalls
Online beauty platform Beauty Bay has reportedly hired bankers to explore options for the group after plans for its IPO stalled. According to Sky News, it has drafted in US-based Threadstone Capital, which previously advised Cult Beauty on its sale to THG, to advise it. Sources told Sky that options…
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Apr- 2022 -21 AprilOnline & Digital
THG rebuffs ‘unacceptable’ takeover proposals as revenues hit £2.2bn
The Hut Group (THG) has recorded “record” revenue growth of 38.1% year-on-year from £1.6bn to £2.2bn in the full year ended 31 December 2021 (FY21), driven by organic growth in all divisions and supplemented by the contribution from acquired businesses. According to its latest trading update, The Hut Group has…
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Mar- 2022 -29 MarchComment
From Vestiaire to Vinted: Why retailers must join the resale revolution
The resale market is booming – growing 11 times faster in fact than the wider retail fashion sector, and predicted to be worth $84 billion by 2030, more than double that of the fast fashion market’s $40 billion expected valuation for the same year. The pandemic has undeniably driven two…
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