WoolOvers
This section covers WoolOvers’ retail strategy, brand evolution, and market positioning within the UK lifestyle apparel sector. Reporting focuses on the company’s transition from a knitwear specialist to a multi-brand group, including acquisitions of Pure Collection, Hotter Shoes, Scotts of Stow, and Thought Clothing. Coverage examines WoolOvers’ emphasis on British manufacturing, particularly the revitalisation of Hotter Shoes’ UK production, and its focus on serving the over-50s demographic. The content provides retail professionals with insights into WoolOvers’ operational strategies, customer engagement efforts, and its role within the broader UK retail landscape.
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Oct- 2024 -21 OctoberNews-In-Brief
Today’s news in brief-21/10/24
Frasers Group has agreed to sell its 20.3% stake in N Brown for £191m to Falcon 24 Topco Limited, owned by Joshua Alliance. Despite divesting from N Brown, Frasers looks forward to a strategic relationship with Alliance. Concurrently, Frasers is pursuing the acquisition of luxury brand Mulberry, raising its offer…
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21 OctoberClothing & Shoes
Hotter Shoes to increase UK production
Hotter Shoes’ new owner, WoolOvers, reportedly has plans to increase the number of products it makes within the UK to one million pairs of shoes a year, according to The Times. The news comes after WoolOvers acquired the footwear retailer out of administration for £6.7m a year earlier. Prior to…
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Jul- 2023 -27 JulyPeople Moves
Hotter Shoes CEO and CFO exit following administration
Hotter Shoes chief executive, Ian Watson, and chief financial officer, Gavin Manson, have stepped down following the recent pre-pack administration, Drapers has reported. This announcement follows last week’s news that Hotter Shoes was acquired by lifestyle brand WoolOvers out of administration for £6.7m. Watson has been in charge of the…
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Jun- 2023 -23 JuneClothing & Shoes
Unbound Group eyes restructuring plan as sale hopes falter
Unbound Group, the owner of Hotter Shoes, is reportedly mulling plans to commence a restructuring process as hopes of a sale of the business have stalled. According to Sky News, the group has now called on advisers at Interpath to prepare for an emergency restructuring plan, which would require court…
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Mar- 2023 -29 MarchNews
Unbound Group shares surge amid possible takeover
Unbound Group saw its shares surge on Tuesday (28 March) after the clothing company announced a possible cash offer by WoolOvers Group, a knitwear company which targets the same demographic. Under the terms of the offer, Unbound shareholders would receive a 10.5 pence in cash and 1 contingent value right…
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