Princes Group plans £1.5bn London IPO to accelerate food sector expansion

Princes Group, a UK-based food and drinks company owned by Italian parent NewPrinces, has announced plans to list on the London Stock Exchange (LSE) to raise approximately €400 million ($469 million) through an initial public offering (IPO). The company, which generated £2.1 billion in revenue in 2024 and owns well-known brands such as Princes Tuna, Napolina, Branston, and Flora, aims to use the capital raised to accelerate its growth strategy, including mergers and acquisitions (M&A), expanding its product portfolio, and extending its international reach. Both CEO Simon Harrison and Executive Chair Angelo Mastrolia emphasized that no existing shares will be sold; instead, new capital will support the company's transformation into a diversified multinational food and beverage group. Princes Group operates 23 production facilities across the UK, Europe, and Mauritius, and serves over 8,000 customers globally. Industry experts note some risks related to consumer spending patterns, but the company's clear growth plan and operational efficiencies make it an attractive investment opportunity. The IPO marks a significant step in Princes Group's history, reflecting confidence in its leadership and the scale of future opportunities.