FRANKFURT (Reuters) - U.S.-based modeling agency Wilhelmina is planning an initial public stock offering (IPO) this year, according to a German daily.
Details will be made public within two weeks, Frankfurter Allgemeine Zeitung quoted Wilhelmina Chairman Horst-Dieter Esch as saying in a story on its website on Tuesday.
Proceeds from the IPO would be used to acquire other agencies and expand abroad, the paper reported.
German-born Esch bought the agency in 1988 and still owns 50 percent of the company. Financial investor Brad Krassner bought the remaining stake in 1999.
A spokesman for Wilhelmina declined to comment.
Wilhelmina had sales of 60 million in 2007, the paper quoted Esch as saying.
(Reporting by Nicola Leske; Editing by David Holmes)
Disco coffee table will light up your life... or house, anyway
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I'm a sucker for pretty much all home decor that looks like it was inspired
by the 1970s disco era, but even I would draw the line at a flashing dance
floo...
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