Hunkemöller may file IPO
Dutch lingerie chain Hunkemöller may enter the Amsterdam Stock Exchange market, reported Bloomberg.
Hunkemöller owner, the US-based Carlyle Group, has reportedly consulted Rothschild advisors in order to investigate the possibilities of an IPO. The lingerie chain could have a stock market value of approximately €600 million, according to Bloomberg, based on information from anonymous sources.
Carlyle's interest in selling Hunkemöller was first reported by Bloomberg in October, while the company did not confirm the news. The Amsterdam Stock Exchange listing could be an alternative to a possible sale of the chain.
Hunkemöller announced in October that it had acquired 36 of its Dutch franchise branches. CFO Ron Hemmer explained to Het Financieele Dagblad that the move was to further grow the company with a five year plan to double both the number of stores, from 819 to 1,600, and the brand's turnover, which is currently at €500 million.
The chain currently operates 819 stores in 24 countries. Hunkemöller is currently market leader in the Netherlands, Germany, Belgium and Luxembourg.
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