Home / Knowledge / News / Apparel/Garments / Fat Face preparing for London IPO
Fat Face preparing for London IPO
22
Jan '14
Fat Face, a fast-growing lifestyle clothing and accessories retailer based in the UK, is all set for a listing on the London Stock Exchange (LSE) post its emergence as the top performer during the Holiday season.

Fat Face, acquired by private equity group Bridgepoint in 2007, has selected Citi and Jefferies to work on a flotation that is anticipated in next few months, reported Sky News.

Analysts began expecting the listing of Fat Face after it presented better than expected figures during the pre-Christmas showdown where every retail fashion house were seen offering big discounts. Fat Face, in contrast, had stuck to its guns and resisted the temptation of offering price reductions, in turn strengthening the worth of its brand and toning up its price integrity.

The Company had reported 5 per cent increase in sales over the five weeks to January 4, while total sales grew by 15 per cent in the first half of its financial year to 98.9 million pounds. Its EBITDA increased by 57 per cent to 19.6 million pounds from 12.4 million pounds in 2012.

The possible listing would see Fat Face enter the IPO fray with other retailers like Appliances Online, House of Fraser, Pets at Home, Card Factory, Poundland, and B&M in 2014.

There are currently 208 FatFace stores in the UK and Ireland - located in market towns, holiday locations, high street shopping centres and high footfall travel hubs.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Jun 2016

Brexit may not impact textile machinery industry: ITME

The recent decision of the United Kingdom to pull out of the...

Textiles | On 27th Jun 2016

USDA announces cotton ginning cost-share programme

The US department of agriculture (USDA) has recently announced the...

Textiles | On 27th Jun 2016

Pakistan’s textile exports down 7.34% in July-May

The value of textile and garment exports made by Pakistan decreased...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

What is the influence of foreign trends and designs on Indian fashion?

Siddharth Biyani
Mangalam Industries Pvt Ltd

How is the man-made fibre (MMF) industry shaping up? How is Mangalam...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
june 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search