
British budget fashion retailer New Look has no plans to relaunch its stock market flotation in the near future amid an uncertain economic environment for consumers, it said.
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British budget fashion retailer New Look has no plans to relaunch its stock market flotation in the near future amid an uncertain economic environment for consumers, it said.
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German fashion house Tom Tailor plans to float its shares on the Frankfurt stock market in two weeks' time as it aims to raise about 140 million euros ($193 million), mainly to pay down debt.
German fashion house Tom Tailor aims for a listing on Frankfurt's stock market by June, just weeks after British fashion retailer New Look gave up similar plans due to turbulent financial markets.
Budget fashion retailer New Look has postponed its planned initial public offering (IPO), making it the third private equity-backed firm in as many days to abandon a flotation in turbulent financial markets.
The company behind the Superdry brand worn by celebrities such as David Beckham said it plans to join the stock market, despite last week's decision by three much larger firms to abandon plans for listings.
The board of fashion retailer New Look were to meet on Friday 12 February to decide whether to proceed with its planned initial public offering (IPO), a person familiar with the matter said.