24 October 2006
The London Stock Exchange is delighted to welcome Dunelm Group to the Main Market.
Dunelm Group is a fast growing UK out-of-town homewares retailer, ranked amongst the top 10 in its peer group.
Having started as a market stall in Leicester, Dunelm now has 82 stores, all branded Dunelm Mill, of which 65 are out-of-town superstores. Whilst the stores are focussed around the Midlands and the North of England, Dunelm has a national presence ranging from Belfast to Swansea to Romford.
The superstores provide an average of 28,000 sq ft of selling space and offer an extensive range of up to 18,000 products across a broad spectrum of categories, including bedding, curtains, cushions, bathroom products, kitchenware and rugs. Dunelm also specialises in offering a wide range of fabrics, made to measure curtains and a frequently changing series of special buys. Dunelm strives to ensure that they offer their customers the very best in product range, while maintaining their company philosophy of “Simple Value for Money”.
UBS Investment Bank acted as Global Co-Ordinator, Bookrunner and Sponsor in relation to the IPO and Bridgewell Limited acted as Co-Lead Manager.
Will Adderley, Chief Executive of Dunelm said:
“Dunelm has been growing rapidly for several years now. Our flotation represents the logical next step in the Company’s development. It will significantly raise Dunelm’s profile and will help support the business in the next stage of our growth. It also provides an opportunity for new investors to participate in the continuing success of the Group.
“We are committed to the further profitable roll-out of our superstore format and believe we have the systems, team and culture in place to enable us to achieve this. Above all we will continue to provide our customers great ranges of homeware products, and will stay true to our aim of giving ‘‘Simply Value for Money’’.”