"Hunkemöller prepares IPO"

"Hunkemöller prepares IPO"

According to financial press agency Bloomberg, investment company Carlyle Group ordered Rothschild bankers to prepare an IPO for Hunkemöller.

600 million euro stock value

Only last month, Bloomberg also revealed that Carlyle Group, which bought Hunkemöller early last year from PAI Partners for 440 million euro, had put the Dutch lingerie store chain up for sale. It now says that an IPO is a possible alternative to a sale.

 

The agency also claims that the lingerie chain, founded in 1886 in Amsterdam and now a global force with more than 800 stores, should be worth about 600 million euro and will probably be listed on the Amsterdam stock exchange.

 

Under Carlyle Group’s guidance, the brand ventured into other countries, including Spain and Switzerland. It also aims to double the number of stores and has recently bought out its Dutch franchisees to back that claim.