Drapers’ Post

Victoria Beckham Holdings Limited (VBHL), the fashion and beauty business founded by Victoria Beckham and managed with private equity firm Neo, reported a rise in revenues and a decline in operating losses for the 2022 financial year. Click here to read more. #fashion #fashionnews #retail #retailnews #financials #VictoriaBeckham

Joules, the iconic British fashion brand, stages a remarkable comeback post-acquisition by Next in 2022. Despite falling into administration, the ongoing liquidation of assets promises a full repayment of £5.9 million in overdue VAT to HMRC.💰 This strategic move follows Joules' 1989 grassroots beginning, evolving into a nationwide fashion staple. The Next acquisition safeguards 1,600 jobs and signals a turning tide for the brand. Amidst the broader retail industry challenges fuelled by the pandemic, Joules stands resilient, highlighting the industry's capacity for revival and reinvention within strategic business decisions.🛍️ #LeadingNews #Leading #LeadingBusinessServices #Liquidation #Insolvency #InsolvencyNews #Joules #Next #Retail

In the September issue of Drapers we hear from Superdry's co-founder and CEO Julian Dunkerton, who is hoping to reinvent the 21-year-old brand after leaving the London Stock Exchange. Meanwhile, we find out how retailers are reacting to consumers shopping second hand, by setting up their own pre-loved offerings. Subscribe below to read more. #fashionnews #retailnews #fashionretail #digitaledition #magazine

Frasers Group, the retail company founded by Mike Ashley, has been making headlines recently for its expansion and acquisition of premium brands. While this growth may seem impressive, there is the potential for the company to "over-elevate" itself, as discussed in a recent article by TheIndustry.fashion. 📈 While acquiring premium brands can bring in new customers and revenue streams, it's crucial for Frasers Group to maintain a balance and not alienate its existing customer base. Over-elevating could potentially lead to a disconnect and loss of loyalty from core customers. 🛍️ It will be interesting to see how Frasers Group navigates this period of growth and maintains a strong brand image. 🤔#FrasersGroup #RetailStrategy #BrandPositioning

Frasers Group, the retail company founded by Mike Ashley, has been making headlines recently for its expansion and acquisition of premium brands. While this growth may seem impressive, there is the potential for the company to "over-elevate" itself, as discussed in a recent article by TheIndustry.fashion. 📈 While acquiring premium brands can bring in new customers and revenue streams, it's crucial for Frasers Group to maintain a balance and not alienate its existing customer base. Over-elevating could potentially lead to a disconnect and loss of loyalty from core customers. 🛍️ It will be interesting to see how Frasers Group navigates this period of growth and maintains a strong brand image. 🤔#FrasersGroup #RetailStrategy #BrandPositioning

Ted Baker was founded in 1988 in Glasgow, as a men's clothing label. It is understood that the fashion brand will be closing all of its 31 stores located in the UK this week, whereas over 500 jobs are at risk. The brand has been known for its quirky advertising & signature floral prints has long been synonymous with British fashion & heritage. But since late it has faced tough competition & the shift to online shopping. The US based firm Authentic Brands Group owns the intellectual property for Ted Baker, whereas NODL (No Ordinary Designer Label) was the holding company for the brand in the UK. Furthermore NODL reported a nearly £44 million loss for the year ending in January, with sales dropping by almost 8% to £176 million. The UK retail industry has had a challenging time with its sales due to pricing, online shopping, inflation & weather. #ukretail #tedbaker #retail #fashion #ukhighstreets #retailindustry

NEWS WE’VE FOLLOWED THIS WEEK: March inflation reading was slightly higher than expected, raising further questions on rate cut timing. Nike remains the top apparel brand for Teens, per Piper Sandler’s Spring’24 “Taking Stock with Teens” survey. Walmart placed #1 again in the National Retail Federation’s “Top 50 Global Retailers” report, with Amazon in #2 spot. Statista and Newsweek revealed “Most Trustworthy Companies in America” list; Levi Strauss & Co., Under Armour, and AMERICAN EAGLE OUTFITTERS INC. claimed the top spots in the “Textiles, Clothing & Luxury Goods” category. Italian courts placed Giorgio Armani Operations (Italy-based division of GA) under a one-year judicial administration following accusations that GA Operations hired a subcontractor that outsourced manufacturing to unauthorized Chinese companies that employed illegal and off-the-books workers, disregarding health and safety regulations and other employment rules. M&A AND FINANCING NEWS Tegra (US Sports sports apparel) was acquired by Sae-A Trading Co.,Ltd . Galeria (German retailer) was acquired by NDRC Equity Partners & BB Kapital SA. TWINSPORT (Dutch sports retailer) was acquired by Fraser Group. Knot Standard sold its DTCP assets to Billy Reid (fashion designer). Lucas Meyer Cosmetics - A Clariant Group Company Cosmetics (cosmetics ingredients) was acquired from International Flavors & Fragrances by Clariant. Banneton Bakery ( bakery backed by Encore Consumer Partners) sold control to Vandemoortele (European food group). SEVEN (haircare backed by Proctor Lane Investments) was acquired by West Lane Capital Partners. Washin Optical Co. (Japan-based) was acquired by EssilorLuxottica SA. Sports Group (German AstroTurf maker) was acquired by KPS Capital Partners. Sparxell (plant-based beauty pigments) raised $3.2M to fund growth initiatives. PUBLIC COMPANY NEWS Macy’s appointed two new independent directors, ending a proxy fight over control of the board with Arkhouse Management. Puig announced it would IPO in Spain, targeting a €3B valuation. American Home Fitness filed for Chapter 11 bankruptcy protection as part of a consolidation effort. EVENTS On Tuesday, April 16th our Senior Managing Partner, Allan Ellinger, will accept the Trailblazer of the Year award at the American Image Awards held at Gotham Hall in NYC. This event is a signature initiative of the American Apparel & Footwear Association (AAFA) . The American Image Awards honors those who have exemplified leadership, excellence, and outstanding achievement in all sectors of the apparel and footwear industry, including design, manufacturing, and retail. Click here to learn more : https://lnkd.in/gM8nyF2 BEFORE YOU GO The UConn Huskies and the South Carolina Gamecocks won the NCAA Men’s and Women’s national championships, respectively. The Women’s games set records for viewers. Tax day is today, April 15 – if you haven’t gotten them in yet, don’t forget to file for an extension!

Marks and Spencer reported growth and rising profits across its clothing and home division for the year to 30 March 2024. Drapers examines its strategies. "We have wind in our sails, confidence that our plan is working and a clear vision for the future. There’s so much more opportunity ahead of us, we are at the beginning of a new M&S.” Read more below. #marksandspencer #retailnews #retailstrategy #fashionnews #retailer

Emanuel Chirico's Journey to Fashion Dominance Emanuel Chirico is the Chairman and CEO of PVH Corp., an American clothing company that owns and markets several iconic brands, including Calvin Klein, Tommy Hilfiger, Van Heusen, and others. Here are six important incidents/stepping stones from Emanuel Chirico's career and the history of PVH Corp, in chronological order: 1 Emanuel #Chirico'sAssociation with PVH (1993) 2 Acquisition of Calvin Klein, Inc. (2003) 3 Emanuel Chirico as CEO (2005) 4 Tommy Hilfiger Acquisition (2010) 5 Global Expansion and #BrandDevelopment (2010s) 6 Sustainability Initiatives and Corporate Responsibility Emanuel Chirico's leadership at PVH has been characterized by strategic acquisitions, global expansion, and a commitment to sustainability. The company's diverse brand portfolio and its impact on the fashion industry reflect Chirico's vision and management capabilities. #PVHCorp #FashionLeadership #GlobalBrands #SustainabilityInFashion #DigitalTransformation #DiversityInclusionLeadership

The Uncertain Future of Ted Baker: A Legacy in Limbo Ted Baker, the iconic British fashion brand with a 36-year history, is facing an uncertain future. With its UK holding company No Ordinary Designer Label (NODL) falling into administration earlier this year, the brand's retail footprint has significantly shrunk, putting over 500 jobs at risk. The damage from past partnerships, intense competition, and a shift toward online shopping have all contributed to this downturn. As talks of new licensing partnerships stall, the fate of Ted Baker remains in the balance, marking the end of an era in high-street fashion—a shift that leaves competitors like Reiss, Whistles, Mango, and Massimo Dutti with one less rival in a crowded market. (Source: https://lnkd.in/gij3ajfY)