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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Aug- 2022 -1 August
Seraphine profits fall below expectations despite revenue growth
Maternity brand Seraphine has revealed its adjusted EBITDA has come in below previously guided expectations despite posting a 33% increase in annual product revenue to £44m. For the 52 weeks to 3 April 2022, it revealed Adjusted EBITDA was down -58.6% to £2.6m (FY21: £6.2m) due to a “number of…
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1 August
JD Sports sells Footasylum to German investor for £37.5m
JD Sports has revealed it has agreed to sell Footasylum Limited to German investment firm Aurelius Group in a £37.5m deal. JD said that the sale of Footasylum has been “agreed in accordance with the final undertakings issued by the Competition and Markets Authority (‘CMA’) on 14 January 2022, following…
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Jul- 2022 -29 July
Asos, Boohoo and Asda investigated over sustainability claims
The Competition and Markets Authority (CMA) is launching investigations into Asos, Boohoo and George at Asda to scrutinise eco-friendly and sustainability claims made by the fashion brands about their products, including clothing, footwear, and accessories. The move forms part of the CMA’s ongoing investigation into potential greenwashing, and reportedly follows…
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28 July
Frasers Group acquires online retailer I saw It First
Frasers Group has announced the acquisition of the online fashion retailer I Saw It First for an undisclosed sum. Frasers revealed it looks forward to integrating I Saw It First, which has over 5 million consumers, and has rapidly grown its digital presence since its launch in 2017. I Saw…
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28 July
Unbound confirms launch of new marketplace
Unbound Group plc has confirmed the initial launch of its new multi-brand platform, as scheduled, and the further Autumn Winter launch of the platform is on track to be completed in September. Alongside its Hotter brand, the group is initially launching with the first seven chosen partner brands, primarily focused…
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26 July
Swiss investment firm acquires Henri-Lloyd
Odlo International AG, a Swiss performance brand in Monte Rosa Capital’s portfolio, has announced the acquisition of Henri-Lloyd, the 60-year-old British sailing brand, for an undisclosed sum. Henri-Lloyd is a British clothing brand that specialises in sailing apparel and fashion for men and women. Odlo is a specialist sport and…
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25 July
Asos delays autumn orders amid fears shoppers may cut back
Asos has delayed some autumn orders due to concerns that customers will cut back on buying new clothes in the cost of living crisis, according to The Mail on Sunday. Asos suppliers reportedly told the outlet that some stock had to be cancelled at short notice. However, it added that…
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22 July
JD Sports expects repeat ‘record’ profits amid strong sales
JD Sports has said it expects its full-year profit before tax to be in line with its previous “record” performance after welcoming strong sales in the first four months of the year, with total sales in its like-for-like businesses up 5% against the prior year. It noted this positive performance…
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21 July
Gym & Coffee raises €17m from Castlegate to fund UK expansion
Athleisure brand Gym and Coffee has revealed it has secured €17m (£14.5m) in new funding led by Castlegate Investments, with additional funding from West.Ventures, a Palo Alto, CA investment and marketing firm. It said the latest investment will allow Gym and Coffee to propel its growth into new markets like…
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21 July
JD Sports and Aurelius Group enter talks on Footasylum sale
JD Sports has reportedly entered discussions to sell Footasylum to Aurelius Group, a private equity firm, following a “costly” clash with the CMA, Sky News has reported. Sky News said it has learnt that the group is now attempting to negotiate a sale of the brand “despite growing difficulties in…
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