Saturday, April 23, 2011

Sophie with ILA Group

ILA Group, maker of personal alarms for women, plans to raise £20 million for acquisitions and is in talks to enter the US market.

The Aim-listed company, which sells its products at M&S, Asda, House of Fraser and Sainsbury's, numbers singer Sophie Ellis- Bextor and actress Jaime Winstone among the celebrities who carry its alarms.

The company is looking to acquire firms that offer new products – and hopes to raise cash via debt or equity funding. ILA has expanded its sales into 30 countries and it is now in talks with major retailers in the US.

The group has appointed Gordon Black, former chairman of retailers Peter Black Holdings, to advise on takeover targets.

Original Article: Daily Mail

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