News English — IPO

Farfetch IPO - Our view

Posted by Thomas Andersson on

After a relatively long period of media speculation, Farfetch has finally filed an intention to list on NYSE (source). At the time of writing this blog there were no specifics on its pricing and the company is no doubt working the funding circuit hard to explore the level of interest and promote the pricing. While pricing is not known, there are a few other details that we know of. JD.com stepped in as an investor earlier in 2018 and have an option on about a third of the business. What is Farfetch? Farfetch is an aggregator platform for luxury fashion...

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Boozt.com, a Nordic Fashion Retail IPO success story

Posted by Haesoon Jung on

Boozt.com, the PE- & industry-backed Swedish fashion etailer, listed on Nasdaq Nordic on 31 May 2017 at the higher end of its offer price of SEK 62 per share (offer range SEK 54-63). The listing valued the company at about SEK 3.4bn (~£300m). The share traded at SEK 79 on June 7, 2017 representing a close to 30% lift in its offer price. However, only 2% up from its starting day price of SEK 77.50.   Boozt attempted to sell mono-brand stores and was successful with signing up both Ecco and Day Birger Mikkelsen (Ecco was also an investor). However,...

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Our next Retail diagnostic report will be on... Arcadia Group (Topshop)

Posted by Thomas Andersson on

There are so many questions about the retailer, its presumed staged divestment of BHS, its [lack of] response on the six or seven senior management departures (in 2017 alone!!), its reluctance to invest properly, its China rollout, why it continues making a loss in the US, what is happening in Ireland, and has the owner finally turned into a liability for the company... among many many others. Taveta Investments Ltd (ultimate parent company) and its subsidiaries are providing opaque P&L accounts making any deep analysis tricky. However, top line revenues are always telling of what is happening under the surface....

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Jack Wills in the Red

Posted by Haesoon Jung on

In 2007, at the height of its popularity, Inflexion Capital invested in a 27% stake in the company. In 2012 the company closed down its sister brand - Aubin & Wills and hired Wendy Becker as COO. In 2013 Wendy Becker was promoted to CEO of the company by its owner, Peter Williams.  In Aug 2015, the founder, Peter Williams came back to head up the company and in 2016 the company filed reports showing that its holding company made a loss of £14m Jack Wills is a premium fashion retailer of ‘Fabulously British’ casual wear, homeware and accessories for...

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Joules Ltd to list on AIM

Posted by Thomas Andersson on

Lloyds Development Capital acquired a 20% stake in Joules, the UK fashion brand and retailer in 2013 for £22m. What seems to have been little appetite from trade buyers and investment companies in 2015 pushed the company to prepare for a float. On the immediate back of the news that BHS and Austin Reed went into administration the Joules success story might seem like a shining star. We looked at the company's finacials and made a short intro to Joules. More to come. Download the Styleintelligence Joules Ltd insight here

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