Tuesday, April 21, 2015

Diverse clothing brand owner goes on the Stock Exchange – Interia

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Ethos, wwłaściciel Diverse clothing brand goes on the WSE. Photo ethos

The public offering of shares of the company will include the A1 series. The company gave earlier that the offer will include the sale of existing shares, representing approx. 50 percent. votes at the General Meeting and shall be addressed to the national retail and institutional investors.

The Company is directly controlled by Milano Holdings, based in Luxembourg, which is a portfolio company of private equity fund Abris CEE Mid-Market Fund LP.

The role of the global coordinator of the offer, the guide book of demand and offering a full BZ WBK, and the role of the Joint Bookrunners serve IPOPEMA Securities and Grupo Novo Banco BESI.

Diverse sales network is located in the Polish and includes 127 own stores, including 11 outlets and 114 franchise stores, including 23 affiliate lounges, with an average area of ​​about 140 sq. M each.

At the end of 2014. Gross retail space was 33 996 sq. M and increased by 53.8 per cent. compared with the end of 2012.

The ethos Revenues in 2014 amounted to 258 million zł, which increased 29.7 percent. yoy. By 2014 the company had 18.7 million zł net profit (an increase of 40 percent. Yoy).

Diverse is a brand of casual clothing for persons aged 20-30 years. Diverse offers clothing for men and women, which are complemented by accessories, shoes and bags and backpacks.

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Source of information:  PAP

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