Irish-backed UK fashion group set for AIM flotation
A St Patrick’s Day stock market floatation of UK ‘fast fashion’ brand In The Style is poised to generate a significant return for investors including AIB and the Ireland Strategic Investment Fund. The Manchester-based fashion group confirmed that it’s going to float on London’s Alternative Investment Market (AIM) this month. It’s been expected that the move could value the company at about £100m (€115m). Founded by chief executive Adam Frisby (33) in 2013 from his bedroom with £1,000, the company generated net sales of £35.4m in the nine months to the end of last December. It...
Source: independent.ie