THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
People Matter
Property
Retail Business Strategy
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Omnichannel Futures 2023
Retail HR Central
Digital Transformation Strategy 2023
Retail Marketplace Strategy
Retail HR 2023
THE Retail Conference 2023
Customer Engagement Strategy 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Seraphine confirms intention to float

Maternity wear brand Seraphine has confirmed its intention to float on the London Stock Exchange. In a statement, Seraphine said the initial public offering will comprise… View Article

FASHION

Seraphine confirms intention to float

Maternity wear brand Seraphine has confirmed its intention to float on the London Stock Exchange.

In a statement, Seraphine said the initial public offering will comprise new shares to be issued by the company, which are expected to raise gross proceeds of approximately £61 million, and sale shares expected to be sold by existing shareholders, including the executive directors.

The company hopes the IPO will help it to grow its digital platform and increase its customer reach by expanding its digital partnerships.

David N Williams, chief executive of Seraphine, said: “The intention to float announcement marks the next stage in our journey towards being a publicly listed company. Listing will give us the opportunity to further the group’s reach and continue to grow our presence and product offer in the highly resilient and under-competed maternity and nursing wear market. The opportunities for the business are considerable, with plenty of the global market still to go for.”

The company has also announced that Elvie chief operating officer and chief financial officer Sarah Highfield has agreed to become a non-executive director of Seraphine Group and will chair the audit committee. Prior to joining Elvie she was chief financial officer of Costa Coffee  and has also previously worked as chief financial officer of Tesco’s Hungary and Slovakia businesses.

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News