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Tom Tailor prepares for IPO

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DUSSELDORF. The textile manufacturer Tom Tailor aims in the first half of 2010 on the Frankfurt Stock Exchange. Kenner is a company that the IPO, expected within the limits of Tom Tailor proceeds from a capital increase of around 140 million euros, planned before Easter. The money, the Hamburg-based company announced yesterday, should be placed primarily in the growth of its own stores and used to reduce debts. Existing shareholders also wanted to separate some of its shares, said Tom Tailor. JP Morgan and Commerzbank are to accompany the IPO as lead managers. "We want our business model to systematically expand in our core markets and accelerate our growth so substantially again," said CEO Dieter Holzer.

Founded in 1962, the fashion label Tom Tailor since 2005 the majority of the investment company Alpha – just like the shirt manufacturer Eterna – Holzer, the managing director and was involved with five percent. The former manager Tommy Hilfiger tightened the structure by replacing the free agents such as through our own sales offices. In addition, he expanded the brand’s presence in retailing with new shops and a wider collection.

The result: In 2009 Tom Tailor increased sales by 5.9 percent to 300.2 million euros. Earnings before interest, taxes, depreciation and amortization (EBITDA) grew by 71 percent to 37.8 million euros in 2009. In Germany, Austria and the Netherlands, the company had 87 of their own stores, 1108 will shop-in-shops and markets also strengthened its fashion over the Internet.

Tom Tailor is not the first company to venture that deals with stock plans to the public. The chemical distributor Brenntag, the cable operator KDG and the food IFR Holding the former Giant Heiner Kamps bakery and dairy giant Muller, Theo was in the past few days the stock market plans as three well-known candidate known. Also in other European countries like France, the pipeline is well filled.

The problem at the moment, however, contribute to market volatility as well as discussions on the debt of Greece and potentially rising interest rates. Even that most European IPOs this year under its note issue price, reduced the interest of investors and presses the issue prices.