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 23^rd June.

Source : Insight DIY Team
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