In The Style
This coverage examines In The Style’s trajectory within the UK fast-fashion sector, focusing on its financial challenges, administration proceedings, and subsequent acquisition by Alps Sourcing in March 2025. Reporting highlights the brand’s influencer-led marketing approach, shifts in ownership, workforce impacts, and strategic efforts toward business recovery. These insights are tailored for retail executives, brand managers, and professionals monitoring digital fashion retail, brand revitalisation, and operational restructuring.
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Mar- 2025 -24 MarchNews-In-Brief
Today’s news in brief-24/3/25
Harrods is nearing the finalisation of compensation payments for victims of sexual abuse by its former owner, Mohamed al Fayed, who died in 2023. According to draft terms seen by Sky News, some claimants could receive over £300k, depending on whether they opt for a psychiatric assessment. Those choosing the…
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24 MarchClothing & Shoes
In The Style owed more than £20m before rescue deal
In The Style had over £20m in debt when it was rescued following its collapse into administration, according to a new document filed at Companies House. The Manchester-based fashion brand was recently rescued by Alps Sourcing Limited, saving 87 jobs at the company. The brand was originally founded in 2013…
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21 MarchNews-In-Brief
Today’s news in brief-21/3/25
In The Style has been rescued from administration through a pre-pack sale to Alps Sourcing Limited, saving 87 jobs. The Manchester-based company, known for its celebrity-inspired high street fashion, had reached a peak valuation of £105m in 2021 following its AIM listing. However, financial struggles, including significant debt and cash…
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21 MarchClothing & Shoes
In The Style rescued from administration with Alps Sourcing deal
Online fashion retailer In The Style has been sold out of administration to Alps Sourcing Limited, saving 87 jobs in the UK. The pre-pack sale of the company was negotiated by Marco Piacquadio and Alan Coleman from FTS Recovery Limited, who were appointed as joint administrators on Monday 10 March. …
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Feb- 2025 -14 FebruaryNews-In-Brief
Today’s news in brief-14/2/25
The fast fashion retailer In The Style is reportedly preparing to appoint administrators as its financial struggles deepen. Acquired by Baaj Capital for just over £1m in 2022, the company saw revenues plummet from £46m to £30.4m in the year ending March 2024, with UK sales dropping to £29m. Despite…
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14 FebruaryClothing & Shoes
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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Jan- 2025 -27 JanuaryHigh Street
The Original Factory Shop nears sale to Baaj Capital
The Original Factory Shop (TOFS) is close to being sold after more than 17 years of ownership of private equity firm Duke Street, Sky News has revealed. Baaj Capital, a family office behind investments in fashion retailer In The Style as well as party supplies group Amscan International, is allegedly…
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Dec- 2024 -13 DecemberNews-In-Brief
Today’s news in brief-13/12/24
Hundreds of Harrods workers, including retail, restaurant, and cleaning staff, are set to strike on 21–22 December and Boxing Day in a dispute over Christmas bonuses and working conditions. The United Voices of the World (UVW) union said 95% of its members voted to strike after management refused negotiations. Workers…
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13 DecemberClothing & Shoes
In The Style losses narrow amid job cuts
In The Style has revealed that it posted a loss-before-tax of £2.7m for the year ended 31 March 2024, compared with a loss of £7.7m in the previous year. Despite this, the company’s revenues fell from almost £46m to £30.4m, while UK sales were down from £42.7m to £29m over…
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Jan- 2024 -2 JanuaryNews
Today’s news in brief-2/1/24
Central Group is reportedly considering increasing its stake in luxury department store Selfridges as co-owner Sigma faces financial issues. Central recently became the largest shareholder, converting a £317m loan into equity. Sigma’s Prime Selection unit filed for insolvency, possibly leading to liquidation of assets worth over €19bn, impacting its stake…
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