Catalog-based clothes and way of life model J. Peterman filed to go public, in line with a submitting with the Securities and Alternate fee late Friday.
The Cincinnati-based direct-to-consumer firm intends to commerce on the Nasdaq as JP Outfitters Inc. below the ticker “JPO” and develop by buying new manufacturers to include into its line.
“The key tenet in our enterprise mannequin is the roll-up technique; in different phrases, progress by acquisition of orphan manufacturers with their established buyer base and integrating them into our working platform,” the corporate mentioned within the submitting.
Aegis Capital Corp. will function the only real underwriter, in line with the submitting.
“Any newly acquired model will likely be ‘plugged’ into the built-in platform and take part in all the advantages of ‘shared companies experience’ together with our buyer database which can lead to eliminating duplicated operations and associated bills and translate right into a extra value environment friendly operation and financial savings,” in line with the corporate.
J. Peterman reported a lack of $5.7 million on income of $26.6 million in 2022, in contrast with a lack of $3.7 million on income of $28.7 million within the earlier 12 months. The corporate additionally reported having $14.3 million in property and $21.1 in liabilities on the finish of 2022.