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Pretty Green denies IPO rumours

Menswear business Pretty Green has denied industry rumours that it is preparing to float on the London Stock Exchange.

Several sources have indicated to Drapers over the past two weeks that Pretty Green is seriously exploring an initial public offering, which the sources surmised was likely to be within the next six months.

But Pretty Green chief executive Richard Ralph said he had “no intention” of floating the business, although he confirmed he is looking at various avenues to fund the brand’s growth.

“We want to continue to expand and drive growth and we’re having lots of conversations, but we are not looking to float in the next six months. Our first quarter results were very strong so that’s where the speculation is probably coming from,” he explained.

Last month Pretty Green announced plans to expand its wholesale and retail business into the US for autumn 15 after signing a joint venture agreement with brand-building agency Empire & Branch. It said it will look to open its own stores in time.

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