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DTLR Scraps Plans for Public Offering

The Hanover company had previously said it would try to raise $75 million.

DTLR Holding said it will withdraw its plans for an IPO, citing business developments. (Credit: DTLR)
DTLR Holding said it will withdraw its plans for an IPO, citing business developments. (Credit: DTLR)
A Hanover company that sells "street-inspired" clothing and footwear said it has pulled back its plans for going public. 

DTLR Holding announced the withdrawal of its initial public offering, citing a business development. 

The company last month said it would sell about $75 million in shares.

The company recorded $190 million in sales for the 12 months that ended on July 31. $190 million in sales for the 12 months ended July 31, 2013.

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