Princes Group, the parent company of Princes tuna, Flora and other food brands, has confirmed its intention to undergo an initial public offering in London.

The offer is a strategic move by the business to raise net proceeds that will be used to support the Group with further organic growth through acquisitions.

Simon Harrison, CEO of Princes Group, said: “A listing on the London Stock Exchange is a natural next step in our journey. Beyond providing access to capital to execute our M&A ambitions, it will provide a platform to accelerate growth by expanding our product portfolio and expertise, extending our international reach, and attracting top talent as we continue building for the future.

“As we enter this next chapter, I am excited to scale Princes Group into one of Europe’s most trusted and innovative food and drink businesses.”

The trading period is expected to begin by the end of October, and the final offer price will be confirmed following a bookbuilding process.

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Angelo Mastrolia, executive chair of Princes Group, added: “Our decision to pursue a listing in London marks a pivotal moment in the history of Princes Group. We are raising new capital to accelerate our growth strategy and support the transformation of Princes into a truly diversified and multinational food & beverage group.

“Over the past year, we have demonstrated our ability to integrate and optimise at speed, already making strong progress towards the synergies we identified at the time of the acquisition. We see significant further upside from operational efficiencies, procurement optimisation and an integrated commercial platform.”

The company first revealed that it was exploring a London IPO in May, with major companies Napolina, Naked and Princes Tuna under its brand portfolio.

New Princes made a major acquisition of Kraft Heinz’s Italian baby food business in July 2025.