Clothing & Shoes
The latest news, updates and analysis on the clothing and shoes segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Feb- 2025 -14 February
Moncler revenues rise 7% to €3.1bn
The Moncler Group, owner of the Moncler and Stone Island brands, has seen its revenues improve 7% to €3.1bn (£2.58bn) in the year to 31 December 2024, as its CEO said the brand showed “resilience” in a “complex and volatile” market. On a brand basis, Moncler revenues increased 8% to…
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14 February
In The Style owners line up administrators
In The Style is reportedly on the brink of insolvency less than two years after it was sold to Baaj Capital for just over £1m, according to reports from Sky News. According to Sky, FTS Recovery is being lined up to act as administrator to the company, which was founded…
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14 February
Steve Madden acquires Kurt Geiger for £289m
Steve Madden has agreed to acquire UK-based Kurt Geiger from a group led by international private equity firm Cinven for an enterprise value of approximately £289m in cash. In addition to Kurt Geiger London, the brand’s portfolio includes KG Kurt Geiger and Carvela. Kurt Geiger also operates footwear concessions within…
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13 February
Stradivarius to open new store at Metrocentre
Stradivarius has signed to open a new store at Metrocentre, marking the brand’s first location in the North East. Stradivarius will open an almost 10,000 sq ft space in lower Red Mall this summer, just along the mall from Zara. With an extensive range of trend-driven apparel and accessories, the…
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13 February
Shein to look to Vietnam to avoid Trump tariffs
Shein has asked some of its Chinese suppliers to set up production capacity in Vietnam in a bid to bypass tariffs placed on China by the US, according to reports from Bloomberg. The company is offering suppliers incentives including higher procurement prices of as much as 30% to make the…
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13 February
Birkenstock FY turnover rises 25% to £59.8m amid store expansion
Birkenstock has reported that its turnover rose 25.1% to £59.8m in the year ended 30 September 2024, thanks to a rise in UK revenues due to a bricks-and-mortar store expansion. According to the footwear brand, its sales during the period have been “above initial expectations”. This was also attributed to…
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13 February
Bluestar Alliance acquires Palm Angels
Global brand management firm Bluestar Alliance has announced the acquisition of Palm Angels luxury streetwear brand. The acquisition follows Bluestar Alliance’s recent acquisition of Off-White from LVMH, and underscores Bluestar Alliance’s continued expansion into the high-end streetwear and luxury fashion sectors. Born in 2015, Palm Angels has rapidly become a…
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12 February
ASA bans Next ad for promoting ‘unrealistic’ body image
The Advertising Standards Agency (ASA) has banned a Next ad for “power stretch denim leggings” which showcased an “unhealthy thin” model in digitally altered clothing. The ASA launched the investigation after a number of complaints about the appearance of the model in an online ad. In its defence, Next argued…
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12 February
Gucci sales slump drags down Kering FY performance
Kering, which owns brands such Gucci, Yves Saint Laurent and Bottega Veneta, has reported a 29% drop in EBITDA to €4.6bn (£3.8bn) and a 12% decrease in revenues to €17.2bn (£14.3bn) in the year to 31 December 2024. Recurring operating income totalled €2.6bn (£2.17bn) in 2024, down 46% from the…
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12 February
Joshua Alliance completes £191m N Brown takeover
N Brown Group’s non-executive director and fourth-largest shareholder, Joshua Alliance, has announced the completion of the group’s £191m acquisition. News of the deal will see the Alliance family, which already held a controlling stake, take the Jacamo and Simply Be owner private. The cash acquisition was initially approved in October…
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