×
75 105
Fashion Jobs
NEW BALANCE
Loss Prevention Officer ii (All Shifts Open)
Permanent · Lebanon
NEW BALANCE
Loss Prevention Officer ii (All Shifts Open)
Permanent · Lebanon
UNDER ARMOUR
Stock Lead, ft (5am to 2pm Tuesday Through Saturday)
Permanent · ALBERTVILLE
THE REALREAL
Sales Account Manager (Account Luxury Manager)
Permanent · Berkeley
THE REALREAL
Sales Account Manager (Account Luxury Manager)
Permanent · Emeryville
THE REALREAL
Sales Account Manager (Account Luxury Manager)
Permanent · Hayward
KOHLS
Full-Time Stockroom Operations Supervisor
Permanent · Saratoga Springs
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Berlin
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Strongsville
KOHLS
Full-Time Stockroom Operations Supervisor
Permanent · Georgetown
KOHLS
Full-Time Stockroom Operations Lead
Permanent · Columbia
KOHLS
Part-Time Stockroom Operations Associate (Early Morning)
Permanent · Forsyth
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Carmel
KOHLS
Customs Compliance Coordinator
Permanent · Menomonee Falls
KOHLS
Part-Time Stockroom Operations Associate (Early Morning)
Permanent · Folsom
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Coralville
KOHLS
Full-Time Stockroom Operations Supervisor
Permanent · Coralville
KOHLS
Full-Time Stockroom Operations Supervisor
Permanent · Federal Way
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Maple Grove
NORDSTROM
Retail Stock - Preston Shepard Place Rack
Permanent · Plano
NORDSTROM
Retail Stock - Orchard Place Rack
Permanent · Skokie
NORDSTROM
Overnight Retail Stock & Fulfillment - Washington Square
Permanent · Tigard
Published
Oct 27, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Footasylum valued at £171m in IPO

Published
Oct 27, 2017

Footasylum will finally list on the London Stock Exchange next week and today we found out how much it’s been valued at. And the answer is? £171.3 million. 


Footasylum



Listing on the Alternative Investment Market (AIM), its shares will trade under the ticker FOOT from next Thursday with the company’s current owners selling enough shares to raise gross proceeds of around £64.5 million.

The shares are being sold at £1.64 each, although just how they will fare on their stock market debut is open to question with a number of recent IPOs seeing shares dropping below their float prices. 

But it’s future, long-term growth that investors will be interested in rather than short-term share price fluctuations. And if Footasylum can continue its strong sales and earnings figures of recent years - as well as paying investors a regular dividend - its shares will most likely be in demand.

And it has every chance of continuing its impressive run. One reason for the IPO is to raise the capital needed to add to the chain’s existing 61 stores and reach its stated goal of 150 stores.

CEO Clare Nesbitt, daughter of founder David Makin, said Friday: “Today marks the beginning of an exciting new chapter in the Footasylum story. We are delighted that our product-led, multi-channel expansion strategy has resonated so strongly with investors, and are thrilled to have received such a strong level of demand for the placing. We welcome our new shareholders and look forward to delivering the significant potential that we see for Footasylum as a quoted business.”

But it’s clear that the family will retain control of the strategic direction the business will take. The Makin family is retaining a 63% stake so is firmly in the driving seat of the firm that saw sales rising to £147 million last year from £110.4 million.

Copyright © 2023 FashionNetwork.com All rights reserved.