Day: October 5, 2021

Marks Electrical reveals plans to list on AIM amid online shopping boom

Marks Electrical   (Marks Electrical)

Marks Electrical (Marks Electrical)

White Goods retailer Marks Electrical today revealed plans to list on London‘s junior AIM market after benefiting from the pandemic online shopping boom.

The company, launched in 1987 by founder-CEO Mark Smithson from his father‘s Leicester garage, saw revenues soar by 78% to £56 million in the year to end March.

The listing, expected to take place late this month, could value the retailer at up to £175 million, the City estimates.

Marks has recruited former Nichols CEO, Marnie Millard, as its non-exec chair for its board as it plans the IPO. It said proceeds would be used to help fuel the firm’s next stage of growth, including building brand awareness and expanding warehouse capacity.

Stockbroker Panmure Gordon is advising on the planned listing.

Smithson, who is likely to see a windfall from the IPO, said he is “delighted to announce our

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Givenchy criticised for noose necklace at Paris Fashion Week

Givenchy model with "noose" necklace at Paris Fashion Week

Givenchy model with “noose” necklace at Paris Fashion Week

French fashion house Givenchy has been criticised after models wore necklaces shaped like nooses on the catwalk at its Paris Fashion Week show.

Three models wore gold and silver versions of the accessory at Givenchy’s spring-summer 2022 show on Sunday.

It comes two years after Burberry said sorry for a hoodie featuring a noose.

“You’d think the industry would’ve learned not to put things that resemble nooses around a model’s neck,” wrote fashion Instagram account Diet Prada.

Givenchy model with "noose" necklace at Paris Fashion Week

Givenchy model with “noose” necklace at Paris Fashion Week

It added: “This @givenchyofficial necklace that just came down the runway steers dangerously close to that same territory. Really makes you wonder how no one noticed, but alas… history repeats itself.”

Activist and artist Kim Saira wrote: “How did this go through several people before this show and everyone thought this was OK? And

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