The New York-based plus-sized retailer FullBeauty Brands Inc is exploring a sale or an IPO (initial public offering) that could value the privately held plus-sized women’s and men’s fashion retailer at more than $1.5 billion, including debt, claims Media report. Having brands Women Within, Jessica London and KingSize, it sells clothing for sizes 12 and up through catalogs and the Internet.
The company, owned since February 2013 by private equity firms Charlesbank Capital Partners and Webster Capital, is working with investment bank JPMorgan Chase & Co on the potential sale. It is being said that the retailer has also appointed investment banks, including JPMorgan and Jefferies LLC, to lead an initial public offering as an alternative path should the auction fail to meet the company owners’ valuation expectations.
