British sports and lifestyle brands giant Pentland Brands has announced major leadership moves with Joe Spies becoming President of its key Americas operation. It comes as Matt Rock steps down from the role after a 19-year tenure with the company. Joe Spies and Matt Rock – Pentland Spies was formerly Senior Vice-President, Sales for Pentland … Read more
News last year that Shein and Authentic Brands Group were interested in buying Topshop – currently owned by ASOS – seemed to be just a rumour. But now the speculation has resurfaced and given the well publicised problems at ASOS it could mean that a takeover by one of the fast expanding businesses is more … Read more
Shortly after news that Next and Frasers Group may be interested in Ted Baker’s UK and Europe retail assets, it has emerged that the brand’s US partner could also be looking at them. Ted Baker OSL has operated Ted Baker’s American business since last year and a Sky news report said it’s the “frontrunner to … Read more
Just a day after news of Ted Baker closing a third of its UK stores, it has been reported that two serial acquirers of distressed businesses have expressed an interest in taking on the operation. Ted Baker And who are they? Step forward the usual suspects, Frasers Group and Next. A report in The Times … Read more
Shein could be on the verge of listing its shares in London rather than New York with reports suggesting that a move could happen as early as next week. Shein The talk is of a listing valuing it at around £71 billion, which would put it almost in the top five by market value of … Read more
Secret Sales, the major marketplace for off-price fashion, sportswear and beauty, has hailed a year of “phenomenal” growth and has predicted more of the same for the current 12 months. On Thursday it said that it “achieved an impressive 85% sales growth in 2023, matching its bold target”. This meant it “significantly outpaced the industry and … Read more
The spectacular ups and downs of Superdry’s time as a stock market-listed company could be close to an end. After months of speculation, co-founder and CEO Julian Dunkerton has confirmed that he’s mulling an offer to take it private. Superdry The firm’s share price more than doubled on Friday in reaction to the news, with … Read more
Authentic Brands Group’s strategy of licensing out the operations of the brands it owns may have been a huge success in general, but it can hit obstacles and that’s what seems to have happened regarding Ted Baker, with Authentic ending its relationship with major UK and Europe stores and webstore operator AARC. Ted Baker Authentic … Read more
Superdry is in the news again with takeover speculation mounting around the embattled retailer after it emerged that a new investor has been building up a stake. Superdry And no, it’s not Frasers Group. Instead Norwegian-based alternative investment fund First Seagull now has a 5.3% stake. The Times reported that the fund “considers Superdry to … Read more
Globally focused British eyewear specialist Inspecs Group said on Monday that profits for 2023 should rise in double-digits but revenue for the year was flat and its performance was below market expectations. Talbot Runhof The company makes a number of in-house brands as well as licensed products for labels including Joseph, Viktor&Rolf, Barbour, Liberty, Superdry, … Read more
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