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 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Silke Brand-Kirsch
Schlegel und Partner

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search