To Sell Or To Float: Global Retail Brands Considers Its Options
Leading home and kitchenwares conglomerate Global Retail Brands, owner of 200 bricks and mortar stores around the country, is reportedly weighing up its future in the industry.
According to AFR, Global Retail Brands has enlisted Stratford Advisory to review the company and direct it towards either a partial sale, a trade sale, or an IPO.
The company is headed up by Steven Lew, son of billionaire retail king Solomon Lew.
On top of its retail outlets, which includes 102 House stores and 66 Robins Kitchen outlets, the company also runs online stores Pet House, and Your Home Depot.
AFR reported Global Retail Brands clears $100 million a year before interest, tax, and depreciation. The company recently launched the House – Bed & Bath brand, with plans for 45 stores across the country before next June.