Floorcoverings distributor Likewise is switching from The International Stock Exchange to AIM as part of its plans to consolidate the sector. The management team of Likewise have predominantly come from fully listed floorcoverings distributor Headlam (LON: HEAD) which had a similar strategy in its earlier days and is the major player in the sector.
Likewise chief executive Tony Brewer joined Headlam in 1991 and became chief executive in 2000. He left the company in 2016.
The cash raised will provide working capital for growth and cash for acquisitions. There will also be investment in f...
