Rieker
Tsentrobuv wants to hold an IPO in 2011 on the London Stock Exchange
17.02.2011 2439

Tsentrobuv wants to hold an IPO in 2011 on the London Stock Exchange

Russia's largest footwear retailer Tsentrobuv wants to IPO in 2011 on the London Stock Exchange, Reuters reports

In addition to the London site, the company is also considering the Hong Kong stock exchange, where it can conduct a second listing in 2012 year.

The company chose Morgan Stanley and Renaissance Capital investment banks as the organizers of the placement.

Co-owner of Centrobuv, Sergei Lomakin, said the company was “exploring various options for attracting financing,” declining to comment on details.

Placement parameters not yet defined. Traditionally, companies planning an IPO in London have focused on raising at least $ 400 million.

According to a Reuters interlocutor familiar with the situation in the company, the retailer’s revenue for the 2010 year significantly exceeded $ 500 million.

The company owns two retail chains - casual shoes "Centrobuv" and fashionable shoes and accessories Centro. The retailer brings together about 550 stores in the European part of Russia, the Urals and Siberia. Tsentrobuv operates in a discounter niche, offering relatively cheap shoes at a price of 300 rubles ($ 10) per pair. The owners of the company are businessmen Anatoly Gurevich, Dmitry Svetlov, Sergey Lomakin and Artem Khachatryan.

The largest Russian footwear retailer Tsentrobuv wants to hold an IPO in 2011 on the London Stock Exchange, reports ...
5
1
Rating
Euro Shoes Exhibition

Latest News

Fashion Tech Day: market experts discussed current trends and development models

New business models, online sales, marketplaces and consumers - this and much more were discussed by experts at Fashion Tech Day as part of the New Retail Forum on September 10 at the Technopark ...
17.09.2021 189

Teva has released a collaboration with socks brand Stance

Two American brands - Teva sandals and Stance socks - have teamed up to create a unique set of responsible development. The included Teva Hurricane XLT2 sandals and Stance performance adventure socks ...
17.09.2021 194

Prada will present the Spring 2022 collection at a show in Milan and Shanghai at the same time

Prada is returning to the traditional catwalk format, but doesn't want to give up the benefits of online streaming. In this regard, the collection of the luxury brand for the spring-summer 2022 season will be demonstrated simultaneously in Milan and in ...
17.09.2021 204

Wildberries will build distribution centers in the Tula and Samara regions

The Russian online retailer Wildberries is investing over 30 billion rubles in the construction of two large regional warehouses, which will appear in Tulka and ...
16.09.2021 175

Modified loafers and birkenstocks are key Proenza Schouler spring-summer 2022 models

Proenza Schouler unveiled its new Spring / Summer 2022 collection at New York Fashion Week from September 8 to 12. The main shoes of the collection are loafers with widened soles and open platform sandals, which can be called ...
16.09.2021 243
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning