×
6 601
Fashion Jobs
L BRANDS
Procurement Buyer - Information Technology
Permanent · Columbus
NORDSTROM
Asset Prevention Security Ambassador Downtown Seattle
Permanent · Seattle
NORDSTROM INC
Business Intelligence Analyst - Merchandise Operations
Permanent · Seattle
NORDSTROM INC
District Loss Prevention Manager, ny
Permanent · New York
L BRANDS
Asset Protection Officer, Morse rd (2nd Shift 3pm - 11pm)
Permanent · Columbus
BATH & BODY WORKS
sr. Manager, Carrier Strategy
Permanent · Columbus
VICTORIA'S SECRET
Brand Operations Manager-Crystal Mall
Permanent · Waterford
L BRANDS
Asset Protection Officer, Morse Crossing - 3rd Shift (11pm-7am)
Permanent · Columbus
VICTORIA'S SECRET
Brand Operations Manager-Coconut Point
Permanent · Estero
BATH & BODY WORKS
District Manager - Bath & Body Works - North Austin - Austin, tx
Permanent · Waco
VICTORIA'S SECRET
Brand Operations Manager-Valley West
Permanent · West Des Moines
L BRANDS
Asset Protection Officer, Broad st -1st Shift 7am-3pm
Permanent · Reynoldsburg
L BRANDS
Asset Protection Officer, New York City
Permanent · New York
BATH & BODY WORKS
Senior HR Generalist - Home Office
Permanent · Reynoldsburg
VICTORIA'S SECRET
Brand Operations Manager-White Marsh
Permanent · Baltimore
VICTORIA'S SECRET
Asset Protection Investigator, Victoria's Secret (Southland Mall - Hayward, ca)
Permanent · Sacramento
PINK
Brand Operations Manager-Solano
Permanent · Fairfield
VICTORIA'S SECRET
Product Owner
Permanent · Reynoldsburg
ESTÉE LAUDER COMPANIES
Manager, Creative Operations, Creative Content Hub, North America
Permanent · New York
ESTÉE LAUDER
Director, Ecommerce, North America - dr.Jart+
Permanent · New York
JCPENNEY
Product Manager - Site Management Tools & Cms
Permanent · Plano
JCPENNEY
Financial Planning Senior Analyst - Stores Finance
Permanent · Plano
By
Reuters API
Published
Aug 26, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

The Hut Group poised to launch £4.5 billion London listing, sources say

By
Reuters API
Published
Aug 26, 2020

British e-commerce firm The Hut Group could launch an initial public offering (IPO) as early as this week in a deal that could value the company at up to 4.5 billion pounds ($5.9 billion), two sources with knowledge of the matter said.


Photo: Illamasqua - DR



In what would be a major boost for a slumbering European IPO market, the company could file its registration document with the London Stock Exchange and a draft "intention to float" in coming days, the sources said.

The deal could be priced by mid-September and is likely to raise around 1 billion pounds through the sale of new and existing shares, they added.

The potential launch of the IPO was first reported by Sky News earlier on Wednesday.
A spokesman for The Hut Group declined to comment.

The launch of the IPO and a successful deal would help boost European listing volumes, which were at their lowest in eight years in the first half of 2020 as the COVID-19 crisis doused investor sentiment.

However, there has lately been a revival in new listings in the United States and in Asia, where Ant Group, Alibaba’s fintech arm and China’s dominant mobile payments firm, filed for a dual listing in Hong Kong and Shanghai on Tuesday which could raise as much as $30 billion to become the world’s largest IPO.

Bankers hope some deals could get done in Europe as well in September, a traditionally busy time for IPOs when investors return from summer holidays.

This would particularly be true for companies in hot sectors such as tech, healthcare, and defensive industries that generate steady returns such as utilities, bankers say.

The Hut Group is an online retailer of beauty and nutrition products, running websites for a number of different brands globally, hosting them on its own e-commerce platform.

The business has benefited from the COVID-19 crisis, as online sales have soared during lockdown and after, said one of the sources.

Barclays, Citi and JP Morgan are among the investment banks working on the deal, one of the sources said. Citi and JP Morgan declined to comment. Barclays did not immediately reply to a request for comment.


 

© Thomson Reuters 2021 All rights reserved.