Permira-backed womenswear retailer Reformation targets $1 billion valuation in US IPO

Sustainable womenswear brand Reformation and its shareholders, including private equity backer Permira, are pursuing a US initial public offering. The company aims to raise as much as $239 million during this process. Through this IPO, Reformation is targeting a market valuation of $1 billion. The move represents a significant financial milestone for the retailer and its backers as they transition the sustainable fashion brand into a publicly traded entity on the US market.