London Stock Exchange today welcomed Fishing Republic plc to AIM
London Stock Exchange today welcomed Fishing Republic plc to an opening ceremony marking the admission of the company’s shares to trading on AIM.
Fishing Republic is one of the largest retailers of fishing tackle in the UK by floor space. Catering for all types of anglers, coarse, carp, game and sea fishing, it operates a chain of outlets currently all located in the North of England. Situated in out-of-town light industrial estates, these have been designed as ‘destination’ stores, offering a wide range of product and with knowledgeable and enthusiastic staff. Fishing Republic also provides its products online via www.fishingrepublic.net and www.yorkshiregameangling.co.uk as well as through third party online retailers.
Led by a highly experienced management team, the Company wishes to take advantage of the significant opportunity that exists to act as a consolidator in the highly fragmented fishing tackle retail sector. In addition, the management’s previous experience in the fishing tackle wholesale market means that it is well placed to identify businesses where the owner is thinking of retiring and/selling.
Alongside its acquisition strategy, the Fishing Republic intends to drive organic growth. This encompasses selective new store openings, website sales and the further development of its own-brand product lines, which include Klobba for clothing and Theseus for fishing tackle.
Steve Gross, Chief Executive of Fishing Republic, commented, “I am delighted that Fishing Republic has joined AIM and look forward to building Fishing Republic into a significant market presence. We have the benefit of first-mover advantage, a wide knowledge of both the retail and wholesale fishing tackle marketplace and staff who are passionate about fishing.
The Company’s admission to AIM is the first step into a new phase of development for the business. Fishing is an activity for all generations and I’d like to see Fishing Republic play its part in getting more people into this wonderful and growing sport.”