Case Study: Liberum helps In The Style boost IPO confidence with Anthesis supply chain due diligence

Anthesis supported Liberum to complete a due diligence study on In The Style, including their supply chain and human rights progress

Liberum Capital, a financial advisor, commissioned Anthesis to perform a supply chain and human rights due diligence study on their client, the fashion e-tailer In The Style. This was a critical step ahead of a planned stock market listing, as investors required confidence in the company's environmental, social, and governance (ESG) performance and its management of risks within the complex fast fashion sector.

Anthesis conducted a deep-dive review for Liberum, which included auditing internal processes, stakeholder interviews, factory visits, and competitor benchmarking. This work resulted in a public-facing report for investors and a private roadmap for In The Style. The vendor's report was a key element in the successful initial public offering (IPO), which raised £49 million and was oversubscribed. It also provided the company with a clear plan to improve its ethical trade and supply chain practices.

Liberum Capital