Alpha Group's Tom Tailor to cut debt in €140m IPO
Alpha Group's portfolio company Tom Tailor is reportedly preparing for a €140m IPO on the Frankfurt stock exchange at the end of the month, which will see the retailer cut its debt by more than €100m.
The proceeds from selling up to 25.7 million shares will slash the fashion company's €180m debt pile by up to €110m. Stakeholders Alpha Group and the founder of the business are said to be selling as many as 1 million of their shares.
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