UK DIY News
The Range rumoured to be lining up an IPO
According to a report in The Times, The Range has entered into discussions with investors about a potential floatation which could value the business at over £1bn.
The news has come as a surprise to many, as founder/owner Chris Dawson has previously voiced opposition to the idea.
Recent filings at Companies House show that for the year ended 25th January 2015, revenue increased by 20% to £565m, while pre-tax profits rose to £57.3m - £12m more than for 2014.
Dawson has recently said that he is keen to expand into Europe, specifically stating that he would like to ‘take the fight to Germany’.
It is believed that a decision will be delayed until after the EU referendum on 23rd June.
Source : Insight DIY Team
If your business is interested in pricing intelligence or you're currently trying to track retail prices manually, there really is a much easier way, just contact us here.
To advertise on the Insight DIY website and download our media pack, click here.
Sign-up for our weekly newsletter here.
Thank you for the excellent presentation that you gave at Woodbury Park on Thursday morning. It was very interesting and thought-provoking for our Retail members. The feedback has been excellent.