Liberty London has big goals for the near future as it is revealed that the UK department store is planning an IPO for 2018 as part of a massive brand expansion worldwide. 

The iconic British boutique's executive chairman and the managing partner of BlueGem Capital Partners Marco Capello gave assurance that Liberty London would not lose its independent and unique approach to retail if it were to go public, and that its current staff would not lose any of their jobs. 

BlueGem bought the store, which is set to celebrate its 140 anniversary in September, for £32 million in 2010. The new ownership has led to an increase in sales, profitability and visibility – including a popular TV series for Channel 4 in the UK. Stay tuned for more news on Buro 24/7 Middle East as this story develops...