News Column

FatFace is to list on Stock Exchange and launch in US

May 2, 2014

CLOTHING chain FatFace is to list on the London Stock Exchange in a float that could value the company around pound(s)440 million and help it cut debt ahead of its expansion into North America.

The company, owned by European private equity group Bridgepoint, said it aims to raise pound(s)110m through the initial public offering and join other British retailers like Poundland and Pets at Home who have listed this year to take advantage of firm equity FatFace has 208 stores with 316,700 square feet of retail space across the UK.

But that is not enough according to chief executive Andrew Thompson.

He said: "What we want to do is grow it. We want to go abroad."

He added that the firm would set up a dedicated US website .

It plans to open two to three shops on the east coast of the country over the next 12 months.

Bridgepoint paid pound(s)360m for FatFace in 2007.

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Source: Herald, The (Scotland)

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