A Subsidiary of Suzy Shier Limited Placing an Initial Public Offering in United Kingdom.MONTREAL--(BUSINESS WIRE)--April 12, 1996--SUZY SHIER shi·er adj. A comparative of shy1. LIMITED(ME, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : SZS ) La Senza Plc, a subsidiary of Suzy Shier Limited operating 22 lingerie speciality retail stores in England, Scotland and Wales Wales, Welsh Cymru, western peninsula and political division (principality) of Great Britain (1991 pop. 2,798,200), 8,016 sq mi (20,761 sq km), west of England; politically united with England since 1536. The capital is Cardiff. , is to seek admission to the Alternative Investment Market in the U.K. via a placing or Initial Public Offering (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ). La Senza Plc will be seeking to raise equity financing in excess of 15 million pounds sterling or in excess of $31 million (Canadian $'s) to implement its dynamic expansion strategy following the successful testing of its concept over the past 16 months. The Nominated Adviser and Broker to the issue is Williams de Broe Plc. La Senza Plc intends a national roll-out in the United Kingdom of more than 100 additional stores over the next few years. Since its inception, La Senza Plc has operated independently of its sister company La Senza Inc. in Canada. In 1994, senior executives experienced in U.K. retailing were recruited and the infrastructure created for a large U.K. retail chain. In the closing months of 1994, an initial six stores were opened in the U.K. under the La Senza banner. La Senza Inc., was founded in 1990 and now operates 118 stores across Canada, and has captured approximately 14 percent of the Canadian retail Lingerie Market (excluding hoisery sales). Irv Teitelbaum, Chairman of The Board and C.E.O. of Suzy Shier Limited said: "We anticipate that the company will make a further announcement regarding its Admission to AIM in May. The Alternative Investment Market provides a unique opportunity to float companies public in the U.K. at an earlier stage in their growth cycle than would be appropriate on the main market, the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. ". Suzy Shier Limited, headquartered in Montreal, is a speciality retailer of moderately priced fashionable apparel for women, sold in its 261 "Suzy Shier" and "L.A. Express" stores, and fashionable lingerie and sleepwear sold in its 140 "La Senza" chain. Stores are located in every province of Canada For other uses, see Provinces and territories of Canada and Ecclesiastical Province of Canada. The Province of Canada or the United Province of Canada was a in North America from 1841 to 1867. , except Prince Edward Island Prince Edward Island, province (2001 pop. 135,294), 2,184 sq mi (5,657 sq km), E Canada, off N.B. and N.S. Geography One of the Maritime Provinces, Prince Edward Island lies in the Gulf of St. , and in the United Kingdom. Adding 364 Wet Seal/Contempo Casuals stores in the United States extends Suzy Shier's retail network to 765 stores. CONTACT: Suzy Shier Limited Mr. Irv Teitelbaum, 514/684-3651 |
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