• Text size      
  • Send this article to a friend
  • Print this article

AIM plans for online retailer

ONLINE retailer MandM Direct, which sells well-known brands at discounts of up to 75 per cent, has announced plans to list on the Alternative Investment Market in London.

The business, owned by private equity company TA Associates, said it hopes to raise £12.5 million to repay debt and provide flexibility for further growth.

It was founded in 1987 and has websites in seven European countries serving 1.3 million households.

The listing is likely to value it between £140 million and £170 million.

Contextual targeting label: 
retail

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

237967