FatFace
This coverage focuses on FatFace’s presence and strategies within the UK retail market. The brand operates over 200 stores across the UK and Ireland, offering a range of clothing, footwear, and accessories for men, women, and children. FatFace is known for its commitment to sustainability, having achieved B Corp certification and carbon neutrality for its UK operations since 2021. Recent developments include store openings in locations such as Aberdeen and the Isle of Man, reflecting the brand’s ongoing expansion and community engagement efforts. Our reporting provides insights into FatFace’s market positioning, growth strategies, and its role in the UK’s fashion retail landscape.
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Sep- 2024 -19 SeptemberClothing & Shoes
Next ups guidance again as it closes in on £1bn profit
Next has announced that it has upped its full-year profit guidance by £15m, up to £995m, as it closes in on £1bn profit. This is the second time in two months that Next has increased its guidance after increasing it in August to £980m as a result of strong summer…
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Aug- 2024 -1 AugustDepartment Stores
Next ups FY profit guidance amid strong summer sales
Next has raised its full-year profit guidance by £20m following a period of strong trading over the summer, as sales exceeded expectations despite the drearier weather. In the second quarter of the year, full price sales were up by 3.2%, exceeding its expectations by £42m. It had initially expected Q2…
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Apr- 2024 -2 AprilNews
Today’s news in brief-2/4/24
Superdry CEO Julian Dunkerton’s plans for a takeover have fallen through, leading to an extension of a £20m funding facility with Hilco. Dunkerton, while remaining committed to the business, does not intend to make an offer, according to a statement on the London Stock Exchange. Talks of a possible equity…
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2 AprilNews
FatFace unveils leadership changes following Next acquisition
FatFace has announced several new appointments within its senior leadership team to help drive the business forward following the acquisition by Next back in October 2023. The retailer has created two new roles on the management team – people director and stores director. Both positions are being appointed from existing…
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Oct- 2023 -23 OctoberFeatures
How the FatFace deal lines up with Next’s aggressive acquisition strategy
This year has been a year full of big mergers and acquisitions and October has continued in that vein. The latest of these acquisitions has come in the form of Next’s £115m takeover of lifestyle brand FatFace. This deal is the latest in a long line of acquisitions by Next…
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16 OctoberNews
Today’s news in brief-16/10/23
Next has finalised the acquisition of FatFace for £115.2m, with a portion of the payment made in cash and the remainder in Next’s shares. Following the transaction, Next will hold 97% of the equity, while FatFace’s management will retain 3%. FatFace will continue to operate autonomously with its own board…
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16 OctoberHigh Street
Next acquires FatFace for £115.2m
Next has signed terms to acquire FatFace for £115.2m, which will be partly settled in cash and by the issue of the retail group’s shares and management equity rolling over into the new structure. According to Next, the transaction will not materially impact the group’s underlying profit before tax or…
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12 OctoberNews
Today’s news in brief-12/10/23
Next is reportedly in the final stages of acquiring clothing brand FatFace in a deal worth over £100 million. This move follows Next’s recent acquisitions, including a majority stake in Reiss, the brand name and assets of Cath Kidston, and the acquisition of Made.com. The group also has investments in…
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12 OctoberDepartment Stores
Next nears £100m FatFace takeover deal
Next is reportedly nearing a deal to acquire FatFace as part of its latest takeover move, in a deal that is said to be worth more than £100m, according to Sky News. According to Sky, Next is now putting the “finishing touches” on a deal to acquire the clothing brand,…
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Sep- 2023 -27 SeptemberNews
Today’s news in brief-27/09/23
Tesco is freezing prices on over 1,000 items until 2024 in response to the cost-of-living crisis. Products like Typhoo One Cup teabags, Jacobs’ Cream Crackers, and Aquafresh Toothpaste are included. The supermarket is continuously cutting prices, with recent reductions on items like Andrex Toilet Tissue, Free From white rolls, and…
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