Delacre parent company prepares IPO

Delacre parent company prepares IPO

United Biscuits, Delacre's parent company which also owns brands like BN and Jaffa Cakes, is preparing an IPO by the end of the year according to The Wall Street Journal sources.

Sale or IPO

United Biscuits' owners, investment funds Blackstone and PAI Partners, have had several talks with potential buyers these past few weeks, but apparently, they have now decided that there is more money to be gained from an IPO.

 

To keep both options open, the company is preparing an IPO while it is still talking to possible interested United Biscuits buyers. This should ensure that Blackstone and PAI Partners can choose the most lucrative path to get rid of the company.

 

They bought United Biscuits in 2006 for 1.6 billion pounds (2.02 billion euro) and it had almost sold it to Chinese Bright Food Group, but the deal fell through in the end. Delacre, a cookie brand, joined the British group in 1998 and managed a 1.1 billion pound (1.38 billion euro) turnover last year.

Questions or comments? Please feel free to contact the editors


Arket Brussels opens: discover H&M's latest concept

14/09/2017

On Friday 15 September, H&M Group’s new store formula opens its doors on the Guldenvlieslaan in Brussels. The press got a sneak preview and discovered a surprising mixture of fashion, interior design and food. 

Nordstrom opens store without storage

13/09/2017

American fashion chain Nordstrom is to trial a new store formula in Los Angeles next month, in which customers will only be able to get advice and try out clothing. Purchases can be picked up at the store at a later date.

Primark benefits from weaker British economy

12/09/2017

Irish fashion chain Primark takes full advantage of the weak British economy, which prompted its parent company AB Foods to adjust its full-year forecast. The chain will also continue its expansion plans.

Participatiemaatschappij Vlaanderen invests in FNG

11/09/2017

Government investment fund Participatiemaatschappij Vlaanderen (PMV) will invest 15 million euro in fashion group FNG in return for 5 % of its shares. The money will go towards international expansion.

Gap Inc will focus on Old Navy and Athleta

08/09/2017

American fashion company Gap will alter its internal strategy and turn its attention to Old Navy and Athleta. Gap and Banana Republic, which both received the most attention up until now, will have to step aside.

Global Fashion Group cuts losses

08/09/2017

Global Fashion Group, the fashion group founded by investment group Kinnevik and Rocket Internet, managed to lower its losses even more in the second quarter. On top of that, turnover grew more than 25 %.

Back to top