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Wednesday, May 8, 2024

Tanachira poised to submit IPO filing

Mr Tanapong says proceeds from the IPO will be used to finance the company’s business expansion, both in Thailand and abroad.

Tanachira Retail Corporation, the importer and distributor of lifestyle fashion brands including Harnn, Marimekko and Pandora, is scheduled to submit its filing for an initial public offering (IPO) with the Securities and Exchange Commission next month.

Chief executive Tanapong Chirapanidchakul said proceeds from the IPO would be used mainly to finance the company’s business expansion both domestically and abroad, repay debt and fund mergers and acquisitions over the next few years.

“We aim to become a regional lifestyle retail company over the next five years, adding new brands and expanding the…

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