THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Blue Inc to float on AIM this month

Men’s fashion retailer Blue Inc has announced plans to float on London’s Alternative Investment Market later this month.

GENERAL MERCHANDISE

Blue Inc to float on AIM this month

With the share price yet to be disclosed, the company said it will seek to raise up to £15 million through the flotation which it will use to roll out a new store format, expand its store estate, and to fund product development. In addition, Blue Inc will also invest in marketing and promotions to increase its online presence. 

The retailer, which operates 240 stores across the UK and five overseas franchise stores, achieved sales of £98.7 million and EBITDA of £4.5 million for the year ended 31 December 2013.

Blue Inc chief executive Steven Cohen said: "We have built a strong position in male-focused young fashion over recent years. By leveraging the strength of our customer proposition and focusing on the style and value of our product offering, we have been able to deliver significant growth both organically and by acquisition during the recession.

“An IPO is the next exciting step in our strategic growth plan. We are proud to have created over 2,000 new jobs across the UK and look forward to the next phase in the company's development with tremendous opportunities ahead."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing