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Excl: SKNL planning Reid & Taylor IPO in next 6-8 months
SKNL is planning an initial public offering (IPO) of Reid & Taylor in the next 6-8 months, reports CNBC-TV18.
SKNL is planning an initial public offering (IPO) of Reid & Taylor in the next 6-8 months, reports CNBC-TV18.
The company plans to convert Belmonte into a separate subsidiary and is looking to bring in private equity investment into Belmonte.
It is looking at a qualified institutional placement (QIP) within this year.
Singapore's GIC holds 25% stake in Reid & Taylor's subsidiary.
The soft launch of the mass brand world player has been successful. Margins will remain between 19% and 21%.
SKNL is not looking at acquisitions currently. It is currently in consolidation mode.
The group brand makeover will be unveiled in 3-4 months.
