Sportmaster plans an IPO on the London Stock Exchange
21.08.2011 5083

Sportmaster plans an IPO on the London Stock Exchange

Russia's largest sporting goods retailer and large apparel retailer, the Sportmaster Group, is exploring the possibility of an IPO on the London Stock Exchange next year, Reuters reports, citing financial market sources.

According to them, the company can raise from $ 600- $ 700 billion with a conservative preliminary assessment of the business at $ 2,5- $ 3 billion. The retailer has not yet chosen the organizers of the placement.

In the 2010 fiscal year ending August 31, Sportmaster’s revenue was $ 1,3 billion, EBITDA - $ 306 million, EBITDA margin - 23,8%, the investor conference held in June by Renaissance Capital said in reference materials.

The manager of the Sportmaster group Sergey Agibalov declined to comment on the IPO topic and financial performance.

The Sportmaster group unites over 213 stores of the same name of its own network of sporting goods, 307 stores of inexpensive O'Stin casual wear. The group also owns a franchise and exclusive rights in Russia and the CIS for two western retail chains of sports shoes and apparel - Columbia and O'Neil, and two private brands - Sportlandia and Footterra. The franchise network of the company includes about 200 stores in Russia, Ukraine, Kazakhstan and Belarus.

The largest Russian retailer of sporting goods and a large clothing retailer - the Sportmaster group - is studying the possibility of an IPO on the London Stock Exchange next year, the agency reports ...
5
1
Rating

Latest News

The semi-finals of the Shoes Style footwear and accessory designer competition took place in Moscow.

Yesterday, the semifinals of the 32nd International Shoe and Accessories Design Competition, Shoes Style, took place at the A.N. Kosygin Russian State University in Moscow. The competition showcased the work of university students studying design, engineering, and…
13.05.2026 349

Hey Dude is opening a country-themed store in Texas.

The once-Italian moccasin brand Hey Dude, acquired by Crocs Inc. in 2021, is gradually acquiring an American identity. The brand's first full-scale store, "Hey Dude Country," opened in Austin, Texas.
12.05.2026 513

The luxury market demands bolder solutions

Luxury group Kering ended the first quarter of 2026 with a decline, and for Gucci, which is part of the group, it was the eleventh negative quarter…
08.05.2026 1076

Misli Studio has released a denim shoe collection in collaboration with Off Vintage.

Denim complements sneakers and clogs; these styles were featured in a collection by St. Petersburg brand Misli Studio in collaboration with the St. Petersburg vintage store Off…
07.05.2026 1394

Vans has released sneakers with a denim upper.

American Vans has released the Vans Authentic "Denim Pack" collection, which includes sneakers with denim uppers. The denim trim extends from the upper to the entire sole, offering excellent opportunities for…
07.05.2026 2372
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning