Boohoo ‘considering flotation’
MANCHESTER-based online fashion retailer Boohoo.com is said to be preparing for a stock market flotation.
According to newspaper reports the business in talks with Manchester-based Zeus Capital about either a trade sale or going public.
Zeus handled last month’s £64m float of Bargain Booze parent Conviviality Retail.
Boohoo has its headquarters on Dale Street in the Northern Quarter and also operates out of a warehouse in Burnley. In the year to February 2012 profits rose 79% from £138,000 to £248,000 on sales of £29m, up 18%.
The business is owned by the Kamani family who have made their fortune from textiles import business Pinstripe Clothing Co.
Neither Zeus Capital or Boohoo returned calls from TheBusinessDesk.com.
