The Body Shop Malaysia franchisee mulls IPO

The-body-shop

Rampai-Niaga, The Body Shop Malaysia franchisee, is planning an IPO that could raise RM200 million (US$48 million).

The company is considering submitting a listing application to the local securities regulator shortly, targeting a presence on Bursa Malaysia by the second quarter of next year at the earliest, according to a source close to the firm. As yet, the company has refrained from commenting on the proposal.

The company’s website says Rampai-Niaga is the sole franchisee for The Body Shop Malaysia. It opened the beauty products brand’s first outlet in the country in 1984.

Inside Retail Asia

IWG debuts first Regus centre in Djibouti City, Djibouti

Vietnam’s economic vitality crucially hinges on digital transformation

Digital Transformation: Global development adapts to a virtual world