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- 2024 -11 MarchNews
Today’s news in brief-11/3/24
Doug Putman, the owner of HMV, is reportedly contemplating a bid to acquire The Body Shop from its administrators. The Body Shop has encountered financial difficulties, including filing for bankruptcy in the US and Canada. This move follows the closure of numerous stores and job losses. Private equity firm Aurelius…
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11 MarchClothing & Shoes
Golden Goose revenues rise 18% in FY23
Italian shoe brand Golden Goose has experienced an 18% rise in net revenues to €587m (£500m) for the year ended 31 December 2023 ahead of its IPO this year. During 2023, the group reported that adjusted EBITDA stood at €200m (£170m), spelling an increase of 19% on FY22. The retailer…
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7 MarchClothing & Shoes
Shein UK breaches company law by failing to disclose PSC
Shein’s UK arm has reportedly failed to disclose its ultimate ownership, breaching company law that could disrupt its reported plans to list in the UK, According to The Guardian. The publication said it was found that Shein Distribution UK Ltd’s filing with Companies House listed Roadget Business Pte Ltd, which…
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Feb- 2024 -28 FebruaryNews
Today’s news in brief-28/2/24
Shein is reportedly contemplating shifting its Initial Public Offering (IPO) from New York to London amidst anticipated regulatory hurdles in the US due to its Chinese affiliations. The move would mark one of London’s largest IPOs ever. Chancellor Jeremy Hunt has engaged in talks with Shein’s chairman, Donald Tang, urging…
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28 FebruaryClothing & Shoes
Shein mulls London IPO amid resistance to New York listing
Shein is reportedly considering the possibility of switching its initial public offering to London from New York in what could be one of London’s biggest ever IPOs, Bloomberg has reported. According to reports, the fast-fashion company is in the early stages of exploring the London option in case US regulators…
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Jan- 2024 -23 JanuaryPeople Moves
Boohoo appoints new CFO as McCabe steps down
Boohoo has announced the appointment of Stephen Morana as its new CFO, following the resignation of current CFO Shaun McCabe, who has stepped down from his role “by mutual agreement and with immediate effect”. Morana, who “is widely recognised for his ecommerce expertise”, will assume the role on 19 February…
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15 JanuaryNews
Today’s news in brief-15/1/24
Shein, the fast-fashion brand, is reportedly facing delays in its plan to go public on the US stock exchange due to the need for approval from a Chinese regulator. The approval process is expected to be lengthy, and Shein is also expected to face stricter scrutiny from US regulators. The…
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15 JanuaryClothing & Shoes
Chinese regulator delays Shein US IPO
Fast fashion brand Shein’s plan to take the firm public on the US stock exchange may be delayed after it applied for approval from a Chinese regulator, according to reports from Reuters. The IPO may be delayed as a result of the potential decision the Chinese regulator may make, with…
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Dec- 2023 -13 DecemberNews
Today’s news in brief-13/12/23
Walgreens Boots Alliance (WBA), the US-based parent company of Boots, is reportedly exploring an initial public offering (IPO) on the London Stock Exchange, reviving plans to divest the pharmacy chain. Walgreens had abandoned a £5bn sale of Boots last year, citing challenges in global financial markets. The potential IPO is…
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13 DecemberHealth & Beauty
Boots owner eyes London IPO amid revived disposal plans
Boots’ US-based parent company, Walgreens Boots Alliance, is reportedly eyeing an initial public offering (IPO) on the London Stock Exchange as the group revives plans to offload the pharmacy chain, according to Bloomberg. The news comes after WBA abandoned Boots’ £5bn sale and its No7 beauty brand last year, having…
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