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SuperGroup to raise £125m in main market listing
Wed, 08 Feb, 2012
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SuperGroup to raise £125m in main market listing
Mon, 15 Feb 2010, 08:21:00
<b>SuperGroup</b>, the fast growing UK retailer, plans to raise up to £125m in a stock market listing. The announcement comes just days after fellow retailer New Look postponed its float in London. Holiday group TravelPort and theme park operator Merlin also both scrapped their planned IPOs last week, citing difficult market conditions. SuperGroup, which owns the Superdry brand, said today that the transaction is subject to market conditions. 'SuperGroup is a highly profitable, fast growing business with significant potential for expansion in the UK and internationally,' said chief executive Julian Dunkerton. 'Our brands, particularly Superdry, have established a loyal customer following across the world founded on a reputation for providing innovative, premium quality clothing at affordable prices.' 'Today's news that we are intending to offer a retail component to our listing is a way of rewarding our dedicated, hard working staff and enabling both our customers and other members of the public to share in the future success of the business,' he added. Seymour Pierce is acting as Sponsor and Sole Bookrunner.
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