Amsterdam – 20 January 2016 – EnterNext, the Euronext subsidiary dedicated to promoting and growing its SME market, today welcomes R&S Retail Group (ticker symbol: RNS) on the Amsterdam market of Euronext.
R&S Retail Group acquires retail and fashion companies and creates value by optimizing the business processes, making use of the synergy and putting emphasis on the omnichannel approach. R&S Retail Group sees this tumultuous market with changing consumer behaviour, the further shift to the online market and the delayed reaction of existing players as a challenging environment to grow. R&S Retail Group is owner of the Dutch retail brand Miss Etam.
R&S Retail Group listed through the reverse takeover of Dico International, a company listed on Euronext Amsterdam.
Rens van de Schoor, CEO R&S Retail Group, said: “This challenging retail environment acquires an unusual consolidator to reshape the landscape. Our listing today therefore is an important milestone as it gives us opportunities for raising capital to finance the growth of the group.”
Maurice van Tilburg, CEO Euronext Amsterdam, said: “We’re happy that, with our offering, we’re able to support R&S Retail Group in realizing its growth plans. With this listing the company benefits from the financing options offered by the capital markets. Our EnterNext team will be at their disposal to support the company in its objectives.”
The company celebrated its listing on Euronext Amsterdam today by sounding the gong.
Launched in May 2013, EnterNext is the subsidiary of the Euronext Group designed to develop and promote its stock markets specifically for small and medium-size enterprises (SMEs). Drawing on its pan-European presence, EnterNext brings together all Euronext Group initiatives for companies with market capitalisations under €1 billion, including companies listed in the B and C compartments of its regulated European markets and on Alternext, the market tailored to the needs of SMEs. EnterNext plays an active role in facilitating SMEs' access to financial markets, helping them generate the funds they need to grow at regional, national and pan-European level.