- The Dutch fashion retail group that owns C&A brand is hiring banks for the IPO process of its subsidiary in Brazil;
- Six banks have already been chosen to manage C&A’s public offerings.
C&A, the brand that has 275 physical stores in Brazil, seems to be ready to take its business to the next level in the country. Cofra Holdings, the Dutch fashion retail group that owns the C&A brand, is hiring banks for an IPO process in Brazil, according to the Brazilian media outlet Valor Econômico.
Six banks were already chosen to manage C&A’s public offerings: Morgan Stanley, Bradesco BBI, BTG Pactual, Citi, XP Investimentos, and Santander. The fashion retailer expects to reach at least BRL 2 billion with this transaction, according to what the company communicated to the trade union.
The brand itself didn’t give a statement about the IPO, but in an interview for Valor Econômico, Cofra confirmed that it is looking for external investments.