Potential British retailer sales continue

2013 turned in to a year of contrasting fortunes for British retailers, with a number of household names being linked with potential initial public offerings and others being the subject of takeover speculation as a result of poor performances in terms of declining sales. Just this week, House of Fraser has appeared as the latest UK retailer being linked with an IPO. The company follows names such as Pets at Home, Poundland and New Look, among others, that have been rumoured to have been considering listings of their own.

At the same time, House of Fraser is also being linked to acquisition discussions with Paris-based rival Galeries Lafayette, and the end of January would appear to be decision time. House of Fraser join John Lewis in reporting strong sales over the Christmas period, contrasting sharply with retailers like Marks & Spencer and Debenhams that haven't experienced such buoyant sales.

Filed under: dealmaking, IPO, retail, UK, acquisition