Brian Walker, CEO and Founder of the Retail Doctor Group comments on reports that Lorna Jane is preparing for an initial public offering.
Walker says reports of an IPO are “hardly surprising”.
He says Lorna Jane has been a successful investment for Champ Ventures with its offshore expansion plans continuing at “a rate of knots” with stores opening in the United States and the United Kingdom
But Walker warns while an IPO may be “a logical move” it can also have its problems for a business. An IPO really changes the nature of a business; there are shareholders, much more regulation and by definition you are much more exposed and on show,” he says.