In contrast to multibrand etailer The Hut Group,
which scrapped its plans to float this year, cycling products
retailer Wiggle‘s sale is still firmly on the
cards. According to the Guardian, private equity owner Isis is
“deliberating whether to quietly sell to another buyout
firm or pursuing a stock exchange listing”. A float is also
being considered.
Rumours are circulating that apparel Boden is
also preparing for an IPO. The Telegraph reports that the
retailer/cataloguer has hired Richard Bradbury, the former chief
executive of River Island as a consultant and is
close to making him a nonexecutive director as it identifies
where and how it can further expand the business.
The Mail on Sunday reports that
Debenhams is launching a 68-page catalogue this
week, selling furniture, electrical goods and homewares. The
article says 195,000 storecard holders will receive the
mailing.
Online beauty retailer Feelunique.com reported a like-for-like
sales rise of 57 percent in the six months ended September. Sales
reached £10.4 million during the period leading the company
to revise its turnover forecast for the full year from £24
million to £26.5 million, according to the Independent.
Abcam, a producer, distributor and marketer of
antibodies for scientific research, has appointed two ecommerce
heavyweights to help power its next stage of growth. The new
directors are Murray Hennessy, currently chief executive of
thetrainline.com, and former commercial director
of John Lewis Department Stores and Michael
Ross, founder of ecommerce services company
eCommera and cofounder of lingerie etailer
Figleaves.
France-based Kesa Electricals, the parent
company of Comet, could delist its shares from
the London Stock Exchange to float on the Paris Euronext after it
sells its loss-making UK chain, writes the Telegraph.
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