Princes Group, a major UK and European food and beverage company, has announced plans to float on the London Stock Exchange’s Main Market.
The group owns and distributes well-known brands such as Princes, Napolina, Branston, Batchelors, Flora and Crisp ‘N Dry.
Princes is a group of significant scale. The firm generated £2.1 billion in revenue for the year ending 31 December 2024 and is on track to match or beat this in 2025.
It holds leading positions in both branded and own-label products across five business units: Foods, Fish, Italian, Oils and Drinks. The group operates 23 production facilities across the UK, continental Europe and Mauritius, employing approximately 7,800 staff.
Princes should be well received by London’s equity markets. Its portfolio of brands will help build affinity with retail investors, and the reliability of its cash flows could make it an interesting dividend play in the future.
“Our position as a category champion is grounded in well-invested manufacturing, deep and long-standing relationships throughout our supply chain, and a highly skilled and motivated workforce,” said Simon Harrison, CEO of Princes Group.
“These strengths have established Princes as a trusted partner to our customers, driving sustained, profitable growth and a first choice for consumers.
“Whilst we are renowned for our iconic Princes tuna, through a combination of organic growth and focused M&A, we have built an international £2 billion food and drink portfolio, leading across five complementary categories, food, fish, Italian, oils and drinks, with operations spanning seven countries.”
The announcement of Princes Group’s intention to list comes alongside the successful listing of The Beauty Tech Group, which got off to a strong start as a London-listed firm on Friday.
Everyone connected to London’s equity markets will hope today’s activity is a sign of the long-awaited pick-up in London’s IPO activity.