Owner of UK's Liberty plans public listing by 2018

By

Cajsa Lykke Carlson

Published
Jun 1, 2015

Iconic British department store retailer Liberty was acquired by BlueGem in 2010, and since then the private equity firm has focused on turning the central London store around. Now it has revealed plans for a London listing in 2018, reported The Sunday Telegraph.

During 2014, the number of visitors to Liberty rose by 5% to 4.5m, and turnover this year is expected to reach £145m, up from £132m in 2014.

CEO Marco Capello told The Sunday Telegraph: "The company was losing money for many years in a row and was not in a good shape. The ultimate goal is to float the company. It’s one of the great British brands and we have no intention of selling it."

Ads

Recently Liberty has collaborated with other international retailers to launch a sleepwear range, and a swimwear collection is debuting this year.

The London listing is expected to take place by 2018.