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.
-
Jun- 2023 -22 June
Elliot Advisors considers £500m deal for Reiss
Private equity firm Elliot Advisors has reportedly expressed interest in acquiring British fashion brand Reiss for £500m from Next and Warburg Pincus, according to Sky News. However, it is unclear on Wednesday whether Elliott would table a formal bid for the clothing retailer and so far, around three parties are…
Read More » -
21 June
M&Co relaunches website under new ownership
M&Co has launched a new website following its acquisition by AK Retail Holdings earlier this year. The new website features a redesigned platform with a “fresh and modern” design, having undergone a comprehensive transformation to “reinvigorate” its online offering. It displays a first look at the brand’s expanded product range…
Read More » -
19 June
Fanatics acquires Fexpro to expand business in Latin America
Fanatics, a global digital sports platform and provider of licensed sports merchandise, has completed its acquisition of Fexpro, a leading wholesaler of licensed sports and branded apparel serving Latin America. Headquartered in Panama with a presence across Latin America, Fexpro is a preferred licensee for several major US sports leagues…
Read More » -
16 June
CEO of Frasers Fashion departs group
The CEO of Frasers Fashion, Greg Pateras, has departed the business this week. Before assuming his role at Frasers, Pateras was previously the CEO of ISawItFirst.com, where he is said to have turned around the loss-making business, and oversaw its eventual sale to Frasers Group. Following Frasers’ acquisition of the…
Read More » -
15 June
Hugo Boss ups 2025 sales target to €5bn
Luxury fashion giant Hugo Boss has announced it has increased its 2025 sales target to €5bn (£4.2bn) following the success of its ‘Claim 5’ strategy. Hugo Boss revealed it is increasing its sales and earnings targets for 202 after it said the previous medium-term sales target of €4bn (£3.4) should…
Read More » -
15 June
H&M revenue growth stalls in Q1
H&M Group has revealed a 6% year-on-year rise in revenues to SEK 57.6bn (£4.2bn) for the first 12 weeks ended 31 May, meaning a stall in the fashion retailer’s growth. This comes as the increase in Q1 is only half of the previous quarter’s revenue growth rate. According to the…
Read More » -
15 June
N Brown Q1 sales hampered by poor weather
N Brown has seen revenues fall by 9.9% to £148.7m in its first quarter of trading, attributed to poor weather at the start of Spring as well as lower consumer confidence over the period. In the quarter ended 3 June 2023, product revenue fell by 11.9% to £93.6m, while Financial…
Read More » -
14 June
Next in talks over £500m Reiss sale
Next is reportedly in talks over a potential sale of fashion chain Reiss, which it currently controls with a 51% stake, in a deal that could value it at over £500m. According to Sky News, Next, alongside fellow Reiss shareholder Warburg Pincus, have entered talks with bankers regarding an auction…
Read More » -
13 June
Sweaty Betty appoints new global brand president
Wolverine Worldwide has announced the appointment of Melissa Mullen as the new global brand president for its Sweaty Betty brand. Mullen most recently served as vice president and general manager of UK and Ireland for Jo Malone London, a lifestyle brand owned by the Estée Lauder Companies. At Jo Malone…
Read More » -
12 June
Skims launches first London pop-up store
Skims has announced the opening of its first-ever European pop-up experience at the iconic Corner Shop at Selfridges London. The Skims residency in The Selfridges Corner Shop is described as “the most conceptual Skims pop-up experience to date”, designed in partnership with the brand’s long-time collaborator, Willo Perron of Perron-Roettinger. …
Read More »
