House of Fraser has appointed investment bank Rothschild to advise on its impending IPO, due to take place next spring.
Earlier this month Drapers revealed HoF was in the final stages of negotiations with shareholders. The department store group, which has already been publicly listed twice before, has been in talks for some months with shareholders including BG Holding, entrepreneur Tom Hunter’s TBH Trading, HoF chairman Don McCarthy and Kevin Stanford, co-founder of Karen Millen and All Saints.
It has been reported that HoFs float could raise more than £350m.
According to City AM HoF has accelerated its plans and could list in the first quarter of next year rather than in May. The retailer is expected to hold a “beauty parade” of banks to co-ordinate and run a share offering.