British fashion retailer New Look has picked JP Morgan Cazenove, Deutsche Bank and Credit Suisse to handle a possible initial public offering next year, an industry source said on Wednesday.
The source said New Look, owned mainly by private equity firms Permira and Apax , would decide after Christmas whether to pursue a flotation which some newspapers have said could value it at £1.7bn.
“They’re focusing on Christmas at the moment. An IPO is an option, but it’s one of several options,” the source told Reuters.
New Look declined to comment.
The fast-growing chain is one of a number of retailers looking at a possible IPO next year amid rising equity markets and signs of a consumer recovery.
Other flotation candidates include online grocer Ocado, pet food specialist Pets at Home and fashion retailer Supergroup
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