DCSIMG

Fat Face seeks to raise £110m through float

  • by GARETH MACKIE
 

Clothing brand Fat Face today became the latest high street chain to target an initial public offering (IPO) as it unveiled plans to raise £110 million.

The retailer, which is backed by private equity firm Bridgepoint and has more than 200 stores, aims to join London’s main market before the end of this month.

Chief executive Anthony Thompson also announced the appointment of a trio of non-executive directors, including ex-Carpetright chief Darren Shapland, who also sits on the board of Poundland, the discount store chain that floated in March.

Fat Face chairman Sir Stuart Rose, the former Marks & Spencer boss, said: “Fat Face has gone from strength to strength in recent years under the leadership of Anthony and his senior management team.

“The significant investment in product quality and the clear focus on full price like-for-like sales growth has led to the consistent delivery of impressive financial results and cash generation.

 

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