Etos files IPO prospectus

Fashion retailer Etos, owner of the Diverse clothing brand submitted an IPO prospectus to the Financial Supervision Authority KNF. This is the company’s second attempt at being floated at WSE. Back in 2015, the company’s shareholder Abris CCE Mid-Market Fund planned to sell 33 percent stake at PLN 17.5 per share to investors. The offer was suspended, due to “increased uncertainty about the development of the clothing market in the casual segment in Poland in 2015.” The diverse chain has 327 stores in Poland.