×
78 692
Fashion Jobs
NEWELL
Manager, Finance
Permanent · BOCA RATON
NEWELL
Supply Chain Planner, Operations
Permanent · MOGADORE
NEWELL
Associate Manager, Digital Marketing - Amazon
Permanent · HOBOKEN
NEWELL
Sales Director, Walmart
Permanent · BENTONVILLE
MICHAEL KORS
Sales Supervisor
Permanent · Edison
MICHAEL KORS
Part Time Sales Supervisor- Queens Center
Permanent · Elmhurst
MACY'S
Asset Protection Security Guard, Metro Center - Full Time
Permanent · Washington
MACY'S
Asset Protection Security Guard, Presidential Markets - Full Time
Permanent · Snellville
ABERCROMBIE KIDS STORES
Abercrombie Kids - Brand Representative, Northridge
Permanent · Salinas
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Valley Plaza
Permanent · Bakersfield
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, University Towne Center
Permanent · San Diego
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, North County Fair
Permanent · Escondido
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Montclair Place
Permanent · Montclair
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Northridge
Permanent · Salinas
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Universal Citywalk
Permanent · Universal City
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Victoria Gardens
Permanent · Rancho Cucamonga
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Montebello
Permanent · Montebello
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Moreno Valley
Permanent · Moreno Valley
COTY
Assistant Marketing Manager, Gucci Makeup
Permanent · New York
L'OREAL GROUP
Account Specialist - Customer Service
Permanent · Cranbury
L'OREAL GROUP
Manager, Business Development(Denver)
Permanent · Denver
L'OREAL GROUP
Manager/Senior Manager, Beauty & Fragrance Education
Permanent · New York
By
Reuters
Published
May 27, 2014
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

The Hut abandons London stock market listing

By
Reuters
Published
May 27, 2014

Multi-website online retailer The Hut will not go ahead with a previously announced listing on the London Stock Exchange amid concerns about unsustainable technology valuations and share volatility, The Financial Times reported late on Monday.

Thehut.com


The British newspaper reported The Hut Chief Executive Matthew Moulding as saying even if the company had floated at a sensible valuation, there was a risk the share price would be pushed to unsustainable levels before correcting. (link.reuters.com/vyc69v)

Moulding, who has a 17 percent stake in The Hut, said the company did not need to raise funds, adding that it had returned 13 million pounds to investors.

London has been a particular hot spot for capital, as firms tap yield-hungry investors, and private equity groups cash in on strong equity markets to exit investments made before the 2008-2009 financial crisis.

British retailers Poundland, Boohoo and Patisserie Valerie have all floated in recent weeks.

However, lukewarm demand for shares in retailers like Card Factory Plc is the latest sign interest in European company flotations may be cooling somewhat after a red-hot start to the year.

British clothing chain Fat Face also called off a planned 110-million-pound ($186 million) London stock market listing last week, citing market conditions as the reason.

The Hut could not be immediately reached for comment.

© Thomson Reuters 2023 All rights reserved.