Blue Inc reveals plan to float


Blue Inc is the latest in a raft of multichannel retail businesses to reveal flotation plans. In this instance, menswear retailer Blue Inc is seeking to raise £15 million from London’s Alternative Investment Market (AIM) to fund the roll out of a new store format, open new stores and invest further in its online offering. The business currently has 240 stores in the UK plus a further five overseas stores operated by franchisees which together achieved sales of £98.7 million for the year to 31st December 2013.

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