Rebel listing placed on hold

Rebel_w250The listing of Rebel Sport by Archer Capital has reportedly been put on hold until retail conditions improve, according to recent coverage in the Sydney Morning Herald.

The newspaper reports that Archer is reassessing its plans to float the sports retailer following weak Australian Stock Exchange debuts by other retailers such as Myer and Kathmandu in recent months.

The float, which was also to have included the Amart All Sports chain, was expected to have made Archer $800 million. Archer reportedly plans to assess the strength of other listed retailers’ interim earnings before coming to a final decision.

The private equity business had last year engaged Goldman Sachs, Bank of America/Merrill Lynch and UBS to advise on the listing of the Rebel Group.

Rebel Sports’ stable of products includes a wide range of leading sports footwear, sports apparel and accessories brands.

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