Possible public listing ahead.
Shaver Shop will rapidly build its store network in the next three years ahead of a possible public listing, following its sale to a private consortium in 2011.
The chain was believed to be pursuing an $80 million IPO earlier this year but chief executive Cameron Fox (pictured) said a float was only one of a number of options under consideration.
Rip Curl co-founder Brian Singer, Quiksilver founder Alan Green, Craig Mathieson kin to Bruce Mathieson, and investment bank Investec, are among its major shareholders.
This group of investors have provided the capital for the expansion as well as its buy-back of the franchised stores over the past five years.
The chain has grown at a rate of between eight and 10 new stores a year since 2011 and Fox said this expansion had been achieved with the support of the owners.
Shaver Shop will trade out of 103 outlets by August and it plans to add more than 40 new stores in the next three years and continue its transformation from a franchised network to a wholly corporate-owned chain.