The clothing brand, whose chairman is former Mark & Spencer chief executive Sir Stuart Rose, mentioned current equity market conditions as the main reason behind the decision. The company was looking to raise £110 million through the flotation.
In a statement Fat Face said: “Fat Face Group announces that despite a strong level of interaction with and interest from institutional investors, the company and its majority shareholder have decided to discontinue its plans for an IPO at this stage.
“Current equity market conditions are the principal factor in the decision.
“The board remains confident in the prospects for the business and will continue to execute the growth plans which are already underway.”
With 208 stores, Fat Face’s expansion strategy includes opening roughly eight to ten stores per year across the UK.
