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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Mar- 2020 -2 MarchSupermarkets
EG Group to vie with equity firms for Asda stake
The EG Group, owned by petrol station billionaire brothers Zubin and Moshin Issa, is reportedly among a number of interested private equity firms vying to acquire a majority stake in Asda. According to The Sunday Telegraph, the EG Group is one of a number of interested parties in acquiring a…
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Feb- 2020 -27 FebruarySupermarkets
Walmart in talks over potential sale of stake in Asda
American retailer Walmart has revealed it is in talks over a potential sale of its stake in ‘Big Four’ grocer Asda. Following “inbound interest”, Walmart and Asda confirmed that both are currently considering whether there is an “opportunity” for a third party to invest in the UK grocer, alongside Walmart,…
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4 FebruaryHigh Street
Former Poundland owner plans £3.8bn takeover of Pepco
Advent international, the former owner of Poundland, has reportedly teamed up with two rival equity firms to launch a takeover bid for the Pepco Group. According to Sky News, Advent International, which offloaded Poundland in 2010 in a £200m deal, Hellman and Feidman and Mid Europa Partners are preparing a…
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Dec- 2019 -10 DecemberLuxury Goods
Watches of Switzerland reports 112% increase in profit before tax
Watches of Switzerland has reported a 112% increase in adjusted profit before tax since May 2019. The high-end retailer revealed that group revenues increased by 17.3% to £428.7m with a 10.3% increase in like for like sales growth driven by higher luxury watch sales. In the six months to 27…
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Oct- 2019 -18 OctoberSupermarkets
Walmart offloads Asda pensions amid IPO plans
Asda owner Walmart has reportedly struck a deal to offload £3.8bn worth of pension liabilities as it eyes a potential IPO. According to Sky News, Walmart and Asda’s pension trustees have agreed a deal with specialist insurer of corporate retirement schemes Rothesay Life. The move will see the company take…
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Aug- 2019 -5 AugustComment
Spotlight: Retailers defying the high street doom and gloom
Joules British clothing retailer Joules has continued to defy the high street gloom over the past two years, and so far has not buckled under the pressures of ‘brexit uncertainty’ and the shift in consumer tastes and trends. Originally established as Joule & Sons in 1977 by Ian Joule, the…
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Jul- 2019 -17 JulyLuxury Goods
Watches of Switzerland sees profits surge 181% in FY results
Watches of Switzerland has reported a 181% rise in profits before tax to £20.1m, in its first set of results after the company was floated on the London Stock Exchange. For the year ending 28 April 2019, the group also revealed its revenues surged by 22.5% to £773.5m during the…
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May- 2019 -15 MaySupermarkets
Walmart considering Asda IPO
‘Big Four’ grocer Asda could be listed on the stock market as its parent company Walmart mulls over its future after the CMA blocked the proposed merger with rival Sainsbury’s. According to the BBC Walmart chief executive Judith McKenna told staff at an event in Leeds yesterday that a public…
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Apr- 2019 -4 AprilShopping Centres
Intu appoints finance boss as new chief exec
Following a nine month search Intu has appointed its current chief financial officer, Matthew Roberts, as its new chief executive with effect from Monday 29 April 2019. Roberts, who has been CFO since May 2010, will succeed David Fischel who will be standing down from the board and leaving intu…
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Mar- 2019 -18 MarchPeople Moves
Moss Bros appoints Joules CEO as new director
Men’s fashion retailer Moss Bros has appointed Colin Porter as its new non-executive director, effective 18 March 2019. According to the retailer, Porter will become chairman of the company following its AGM in May 2019, when, as part of the board’s succession planning, the current chairman, Debbie Hewitt, will retire…
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