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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Jun- 2022 -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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25 MarchPeople Moves
Made.com’s non-executive director to step down
Made.com Group Plc has announced that Bruno Crémel will retire from his role as a non-executive director. He will step down from the board of directors with effect from 31 March 2022. The announcement comes after six years in the role as Crémel joined the Made group as a non-executive…
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8 MarchNews
Made.com names new CEO as losses widen
Made.com has confirmed Nicola Thompson, Interim CEO, will take on the role of permanent CEO as it also revealed its losses widened from £14.6m in 2020 to £31.4m in 2021, according to its preliminary results for the 12 months to 31 December 2021. The retailer said it had a “strong”…
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8 MarchPeople Moves
Ted Baker welcomes new CFO
Ted Baker has announced the appointment of Marc Dench as its new chief financial officer (CFO) with effect from today (8 March 2022). Dench will succeed David Wolffe in the role, who is leaving to pursue another opportunity and will resign as a director with immediate effect. Dench is described…
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Jan- 2022 -18 JanuaryHealth & Beauty
Hut Group revenues hit ‘record’ £2.2bn in FY21
The Hut Group has seen its full-year revenues soar 91% on a two-year basis, with sales hitting a “record” £2.2bn following a year of investment into its infrastructure, technology and M&A. It comes as revenue in its golden quarter topped £712m, rising by 92% on a two-year basis, with particularly…
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