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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May- 2024 -14 MayNews
Today’s news in brief-14/5/24
Walgreens Boots Alliance (WBA) is intensifying efforts to sell the Boots chain, engaging advisers for preliminary discussions with potential buyers. No formal sale process has started, but the chain, valued around £7bn, remains of interest. Previously, in 2022, WBA halted sale plans due to market instability, which affected financing. Despite…
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14 MayHealth & Beauty
Boots owner steps up talks with potential buyers for chain
Walgreens Boots Alliance (WBA), the owner of Boots, has reportedly stepped up efforts to secure a potential buyer for the high street chain. According to Bloomberg, the US company is now working with advisers to hold early discussions with potential bidders. Sources added that no formal sale process for the…
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13 MayNews
Today’s news in brief-13/5/24
The Very Group has named Nadhim Zahawi, former government minister and MP, as its new non-executive chair. Zahawi, who will succeed Aidan Barclay, brings significant experience in digital growth and innovation. He aims to guide the company’s strategic development and explore new business expansion opportunities, potentially involving fresh equity investment.…
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13 MayOnline & Digital
Shein accelerates London IPO preparations
Shein is reportedly ramping up its move towards a London IPO after its attempt to float in New York faced regulatory hurdles, sources have told Reuters.One source told Reuters that Shein now plans to update China’s securities regulator on changing the IPO venue and file with the London Stock Exchange…
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Apr- 2024 -12 AprilDepartment Stores
InPost appoints new UK CEO
InPost has announced the appointment of Neil Kuschel as UK CEO with immediate effect. It said Kuschel has extensive knowledge and experience in the logistics and technology industries, with a focus on supporting UK eCommerce retailers in their growth journey. After a 20-year career with DHL, Kuschel joined the cross-border…
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9 AprilNews
Today’s news in brief-9/4/24
No Ordinary Designer Label Limited (NODL), the retailers of the Ted Baker brand in the UK and Europe, will close 11 stores by 19 April. This decision follows the appointment of administrators and is aimed at improving the company’s performance. Authentic Brands Group, the intellectual property owner of Ted Baker,…
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9 AprilHealth & Beauty
Charlotte Tilbury owner eyes €2.5bn IPO
Spanish beauty group, Puig, which owns brands including Charlotte Tilbury, has announced its intention to raise more than €2.5bn (£2.1bn) through an initial public offering of its class B shares to qualified investors. The 110-year old company is looking to apply for admission of the shares to listing on the…
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2 AprilNews
Today’s news in brief-2/4/24
Superdry CEO Julian Dunkerton’s plans for a takeover have fallen through, leading to an extension of a £20m funding facility with Hilco. Dunkerton, while remaining committed to the business, does not intend to make an offer, according to a statement on the London Stock Exchange. Talks of a possible equity…
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2 AprilClothing & Shoes
Shein profits clear $2bn mark ahead of IPO
Shein has seen its profits double to over $2bn (£1.6bn) while it waits to launch its IPO in either London or New York, according to the Financial Times. Furthermore, the company saw its sales jump to $45bn, becoming one of the most profitable fashion companies in the world. Only Inditex,…
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Mar- 2024 -28 MarchClothing & Shoes
Quiz CEO steps down as sales dip
Quiz has revealed that founder and CEO Tarak Ramzan is stepping down from his role with immediate effect as UK sales continue to be impacted by “subdued levels of traffic” in-store and online. Ramzan, as the largest shareholder of the company, will assume a non-executive director role. Having founded the…
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