Retail chain The Works plans £100m stock market float

Owners and management of cut-price books, crafts and toy seller in line for £36.7m payout

The cut-price books, crafts and toys chain The Works has shrugged off the troubles on the high street with plans for a £100m stock market listing that will hand its private equity owners and management a £36.7m payout.

Its chief executive, Kevin Keaney, said the 447-strong chain was aiming to open 50 more outlets a year as the market was “crying out for a really family-friendly retailer”.

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