Bidco, a newly formed company owned and controlled by Joshua Alliance, will acquire fashion retailer N Brown for approximately 191 million pounds. The company has offered 40p per share in cash compared with N Brown’s closing price of 27p yesterday. The Alliance family already owns around 60 percent of N Brown’s total shares. Bidco said in a...
17 Oct 2024
N Brown improved first half adjusted EBITDA by 7.4 percent to 18.8 million pounds and adjusted EBITDA margin by 0.9 ppts to 6.8 percent. Adjusted profit before tax of 3.6 million pounds, increased from 0.1 million pounds in H124, while statutory profit before tax of 0.2 million pounds was an improvement from a loss of 2.8 million pounds last...
10 Oct 2024
N Brown has completed its transformation strategy aimed at rolling out new websites for its brand portfolio, with the final website launch being for its womenswear label JD Williams. The wrapping of the online relaunches marks what the company said was an “important milestone” in its digital transformation, which had been a strategic priority...
29 Aug 2024
N Brown’s full year adjusted EBITDA margin of 7.9 percent was broadly in line with FY23, while group revenue decreased 9.8 percent to 600.9 million pounds, reflecting the continued challenging market conditions and a focus on driving profitable sales. The company said in a statement that full year adjusted group gross profit margin increased...
6 Jun 2024
Fashion retail conglomerate N Brown Group has said that its near-term science-based targets to reduce greenhouse gas (GHG) emissions have been approved by the Science Based Targets initiative (SBTi). By 2030, the company has committed to reduce scope 1, 2 and 3 GHG emissions from its operations by 46 percent from a 2021 base year. While scope 1...
29 Feb 2024
N Brown’s third quarter revenues of 226 million pounds declined by 9.3 percent over the same quarter last year, while year-to-date revenues of 523 million pounds decreased by 9.9 percent. The company witnessed an improving product revenue trend in the third quarter with product revenues declining by 9.7 percent versus 10.4 percent and 11.9...
18 Jan 2024
N Brown Group has appointed Clare Empson as the new director of supply chain. She will commence her new role on January 15, 2024 and will report directly to N Brown’s Group CEO, Steve Johnson. Commenting on Empson’s appointment, Johnson said: “I’m delighted to be strengthening our senior team with Clare’s appointment. Clare joins at an exciting...
9 Jan 2024
N Brown Group plc has appointed Heidi Kenyon-Smith as the new general manager of Simply Be. Kenyon-Smith will commence her new role on January 2, 2024 and will report directly to N Brown’s CEO of retail, Sarah Welsh. Commenting on the new appointment, Welsh said: “Heidi joins with a great deal of passion to deliver the evolution of Simply Be...
31 Oct 2023
N Brown Group revenue contracted 10.4 percent to 297 million pounds, reflecting the challenging market conditions including unseasonable weather through spring and July to August. The company witnessed trading during the first five weeks of the third quarter improve over the second quarter run rate. While macro-economic challenges of a high...
12 Oct 2023
Supermarket Sainsbury’s is launching new fashion destination spaces across nine of its stores that will offer a curated offering of complementary third-party brand partners alongside its Tu clothing ranges. The fashion hubs will feature seven third-party womenswear brands, including Sosandar, Finery, Simply Be, Little Mistress by Vogue Williams,...
7 Sept 2023
For the first quarter, N Brown Group reported revenues of 148.7 million pounds, down 9.9 percent. The company said that the softer product revenue seen in the fourth quarter has broadly continued, reflecting poor early spring weather and low consumer confidence. Commenting on the company’s performance, Steve Johnson, N Brown’s chief executive,...
15 Jun 2023
N Brown Group revenue for the year to March 4 2023 fell 5.3 percent to 677.5 million pounds, reflecting challenging online market conditions. The company said that product revenue declined 6.9 percent, with strategic brands down 5.3 percent. Lower retail sales, net of higher customer credit penetration, led to lower FS revenue, down 2.4 percent....
6 Jun 2023