‘Owner pushes Wehkamp to IPO’

Major shareholder Apax wants to get rid of its participation in Wehkamp. Attempts to privately sell the department store were unsuccessful, so the company from Zwolle would investigate an IPO.

Which reports De Telegraaf this morning and will be again confirmed by sources of the FD.

It is not certain whether the British investor Apax will eventually lose its shares via the stock exchange. For this, the sentiment on the stock market must be favorable and investors must have confidence. The latter is an uncertain factor.

Wehkamp saw last year turnover increased by 22 percent to EUR 730 million and profit by 247 percent to EUR 57 million gross. As with many online stores, however, the question is how much of that increased demand will remain when the corona restrictions are removed. After all, in 2020 the consumer could not do much else than shop online.

Last summer, Wehkamp also announced that it is buying children’s clothing store Kleertjes.com.

In July 2015, the then major shareholders Ad Scheepbouwer, Paul Nijhof and Berend van der Maat sold their shares to the English investor Apax Partners for an estimated amount of 450 million euros at the time.


Source: Nieuws – Emerce by www.emerce.nl.

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