News

Charlotte Russe reportedly preparing for IPO

October 23, 2013

Reuters reports that the apparel retailer Charlotte Russe, currently owned by equity firm Advent International, is in the beginning stages of preparing for an IPO.

Citing unnamed sources, the story suggests that the successful recent IPO of Burlington Stores, as well as the rumored upcoming offering from Container Store, are both good indicators that the time is right for some retail investors to start cashing in.

The report also cites data from Thomson Reuters Loan Pricing Corp. that the retailer's earnings have more than doubled since being taken private in 2009.