Abris mulls Etos IPO

Equity fund Abris Capital Partnes is considering selling its stake in fashion retailer Etos, owner of the Diverse clothing brand, through an IPO, the company said. The floating could take place either this or next year. “Diverse is an amazing success, it grows fast, and we’re looking for solutions here. WSE is a possibility, we had such discussions before, but the marked conditions were not favorable,” said George Swirski, partner at Abris. Back in 2015, Abris filed Etos IPO prospectus, which was approved by the Financia Supervision Authority KNF, but decided against going through with it. The Diverse brand was established in 1993. It is present in approx. 300 retail outlets in Poland.