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New Look gears up for March float

Fast fashion chain New Look is expected to go ahead with a stock market floatation at the beginning of March according to reports.

New Look, which has more than 1,000 stores and will open a flagship store in the former Borders site in Oxford Street in London on Friday, could confirm its intention to float as early as this week, according to The Sunday Times.

The floatation could value the retailer at up to £2bn.

Last week the retailer’s board reportedly attended a meeting to decide whether to go ahead with the floatation.

Last year, New Look drafted in JP Morgan Cazenove, Deutsche Bank and Credit Suisse to advise on an IPO.

 

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