Gordon Brothers news and archive

Radley London’s website shutters, stores reportedly prepare to close

The website of Radley London has shuttered months after the British accessory brand entered administration and was rescued by Gordon Brothers in a pre-pack deal. New reports now suggest that the label’s stores are also due to close. According to Retail Week, all of Radley’s 21 stores are expected to close by the end of August, with 42 jobs to be...

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Gordon Brothers reportedly mulling sale of Poundland

Poundland owner Gordon Brothers is reportedly exploring a potential sale of the UK discount retailer just over a year after acquiring the business. According to Sky News, the US firm, known to be specialised in turnarounds, is understood to be in talks with advisers about launching an auction process, with advisers potentially being appointed...

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Gordon Brothers submits bid for Harvey Nichols as sale process continues

Gordon Brothers, the US investment firm behind retailers including Laura Ashley and the owner of Poundland, has submitted a bid to acquire luxury department store Harvey Nichols, according to a report by Sky News. The offer was reportedly submitted ahead of this week's bidding deadline, with a further deadline now set for next week as owner Sir...

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Gordon Brothers acquires British accessories brand Radley

Boston-based asset and brand investment firm Gordon Brothers have acquired British heritage brand Radley and all related intellectual property, for an undisclosed amount. In a statement, Gordon Brothers said it will add Radley to its growing fashion and lifestyle portfolio and plans to pursue a growth strategy focused on expanding Radley’s...

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LK Bennett stores at risk of closure following acquisition out of administration by Gordon Brothers

The long-term outlook for LK Bennett’s store portfolio remains uncertain, following the premium womenswear acquisition out of administration by US investment firm Gordon Brothers on Wednesday, January 28. The new owners, who own Laura Ashley and Poundland, acquired the LK Bennett brand and its intellectual property (IP) assets just a day after...

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Gordon Brothers acquires LK Bennett, plans asset-light model

Global asset management firm Gordon Brothers has acquired the British heritage brand LK Bennett and its related intellectual property assets from the joint administrators of LK Bennett Fashion Limited. The deal, announced on January 28, 2026, follows the second collapse of the brand since 2019 amid a “challenging business and retail environment”...

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Poundland skirts administration as restructuring plan gets court approval

Poundland has received court-backing for its restructuring plan, allowing it to bypass administration. A representative told the High Court earlier today that the budget retailer would run out of money by September 7, 2025, if the plan was not approved. Speaking to the court for Poundland Limited, Tom Smith KC said the retailer’s financial...

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Poundland to bring clothing range back in-house

Poundland has said that its "successful clothing business” is to return in-house by early 2026, following the budget retailer’s acquisition by Gordon Brothers last month. Poundland had previously tasked an in-house team with developing a clothing range prior to shifting its sourcing under former owner Pepco Group. A spokesperson for the company...

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Poundland to close 68 stores as part of restructuring under new owner

Days after its takeover by Gordon Brothers, Poundland has confirmed the closure of 68 stores as part of a court-sanctioned restructuring. The company is expected to maintain between 650 and 700 stores across the UK, down from its approximately 800 existing locations. Poundland has further stated that its frozen and digital distribution centre in...

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Gordon Brothers snaps up Poundland, to inject 80 million pounds into turnaround

Restructuring and investment firm Gordon Brothers has emerged as the buyer of Poundland. As a result, the British budget retailer will receive an 80 million pound financing boost to back a ‘Proposed Restructuring’, agreed on by all three parties, including former owner Pepco Group. Details on this plan are expected to be shared by Poundland in “...

Fashion|In Pictures

Laura Ashley relaunches fashion

Home and lifestyle brand Laura Ashley is returning to fashion this month with a 47-piece spring/summer collection inspired by the brand’s archive. The relaunch is a partnership between Laura Ashley and fashion retailer Next and was facilitated by IMG, Laura Ashley’s licensing representative for fashion in the UK, Europe, Australia, New Zealand...

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Laura Ashley launches menswear collaboration with Rag & Bone

British brand Laura Ashley, known for its romantic florals, has unveiled an exclusive capsule menswear collection with American fashion label Rag & Bone for autumn/winter 2023 to engage new audiences. The 10-piece menswear capsule combines the classic British tailoring and American workwear aesthetic of Rag & Bone with the nostalgic opulence of...