Category: Clothes

JD Sports has offloaded a raft of “non-core” premium fashion brands, including Giulio, Cricket, Pretty Green and Tessuti, to fellow listed fashion group Frasers.

The move comes after a strategic review of JD Sports by its new CEO Régis Shultz who joined the business from Al-Futtaim Group in August of this year.

Some 15 brands form part of the deal which were sold to Frasers for an aggregate cash consideration of up to £47.5m. Completion on the acquisition of shares in eight of the divested businesses and on the acquisition of all of the debt owing to JD by the divested businesses took place immediately on exchange with completion on the acquisition of shares in the remaining seven businesses expected in early 2023. 

JD Sports said the move would allow the business to focus on opportunities elsewhere in its group, such as in particular the international and digital expansion

2022 has posed its fair share of challenges (constraints in the supply chain, weakened consumer confidence, high profile designer exits, and an impending recession set to last for at least a year).

However, the upside to this constant stream of challenges, which come hot on the heels of a global pandemic no less, is that fashion brands have gained new-found coping skills, agility, and resilience that will help them to face whatever the market chooses to throw at them next.

Indeed, while it might be expected that brands would be in a gloomy mood, many are finding cause to be optimistic, particularly among NuORDER by Lightspeed’s growing network of more than 3,000 brands.

We asked some of Europe’s most innovative wholesale players to share the key market trends they will be working on to stay ahead of the B2B landscape in the coming 12 months and which strategies they

This December, Lone Design Club, in partnership with The Crown Estate, is bringing the Season Of Wonder to London’s Jermyn Street.

Guests to the LDC X The Crown Estate pop-up store are greeted by an array of products from independent and sustainability-conscious brands. With a focus on quality, handmade craftsmanship across lifestyle and homeware items, unique personalised accessories and cosy winter knits for all, and the launch of LDC’s debut men’s department is a respectable example of cutting-edge menswear trends and design.

TheIndustry.fashion speaks to Lone Design Club’s CEO and Founder, Rebecca Morter, about the new pop-up location and why the company is venturing into menswear.

Tell me about Lone Design Club’s new pop-up location

This holiday season, we are delighted to hold our first pop-up store in London’s renowned Jermyn Street. The prolific menswear destination is known for more traditional styles; however, with the high street changes and evolving

Janine Constantin-Russell is the Managing Director of Icon Outlet at The O2. The location is one of London’s busiest shopping destinations and is anchored by brands including Adidas, Calvin Klein, Nike, Superdry, Ted Baker, and Tommy Hilfiger.

Constantin-Russell has worked at some of London’s most known brands and locations. Before joining Icon Outlet in November 2018, she was General Manager at Liberty for two years. She also worked as Head of Retail at Whistles; Senior Retail Director at Bicester Village; Head Of Retail, Luxury Jewellery and Accessories at Harrods; Retail Director at Browns; and Divisional Manager, Luxury Accessories and Fine Jewellery at Selfridges.

She talks to TheIndustry.fashion about the last four years at Icon Outlet, the impact of COVID-19, the destruction of the buildings roof earlier this year, the developing retail landscape, and why outlet shopping continues to grow.

Tell me about your role at Icon Outlet, how it

In The Style founder Adam Frisby will resume the role of CEO on an interim basis as the influencer-led fashion business launches a strategic review, which may result in a sale.

Sam Perkins, who joined the business as CEO from The Very Group in January of this year, will be leaving on 31 December. Frisby, who had led the business since he founded it in 2013, moved to the chief brand officer role upon Perkins’ appointment and will now once more take the reins.

The move comes as the business embarks on a strategic review claiming its current market capitalisation “does not properly reflect the underlying growth potential of the Group which may be better realised under an alternative ownership structure”.

In The Style, which operates a unique influencer-led business model in which it co-creates capsule fashion collections with influencers and celebrities, was floated in 2021. A year ago

Hasna Kourda founded the British-based Save Your Wardrobe app in 2020 to promote circular fashion. The business recently received £2.52 million ($3 million) in seed funding to expand into Europe.

The inspiration for the app came from Kourda’s upbringing in Tunisia, North Africa. Her grandmother had a zero-waste policy, continually repurposing and remaking textiles, such as turning used evening dresses into rugs.

Kourda later came to realise that her grandmother was actually partaking in circular fashion, inspiring her to create an application that offers an ecosystem of services to increase the longevity and sustainability of consumer’s wardrobes, from dry cleaning and repairs to donations.

TheIndustry.fashion spoke to Hasna Kourda about the concept of circular fashion, her future plans for the app, what makes it different to those in the market already, and its recently acquired seed funding.

What was your vision for the app when you first launched?

Growing up

Zara has been named the most popular second-hand brand, with over 670,000 listings on reselling platforms Depop, eBay, Vestiaire Collective and ASOS marketplace, with Depop having the most Zara listed items at 439,696.

Nike ranked as the second most popular, with over 610,000 listed items across the four platforms, with 364,681 found on Depop and 210,000 on eBay. Adidas came in third with over 467,000 listed items, followed by H&M with over 407,000.

In fifth place was Victoria’s Secret, with over 372,000 listed items, of which a whopping 340,000 of those were found on eBay, according to new research by money saving discount code website Savoo.

From sixth to tenth place, in order, came ASOS, Levi’s, Louis Vuitton, Gucci and Channel. Of the 204,042 Louis Vuitton items listed, over half (107,865) were found on Vestiaire Collective, which was also the most popular platform for Gucci items, with

Joules, the premium British lifestyle brand, has confirmed that its Founder Tom Joule has partnered with NEXT to acquire the majority of its assets via a newly formed company.

The deal has seen NEXT pay £34 million for the business, as well as £7 million for the current Joules head office building. NEXT will own 74% of the equity with the remaining 26% owned by Joule.

The company intends to continue to operate a significant number of stores (reportedly around 100 of the current 124 Joules’ stores) in the UK and Ireland, subject to agreeing terms with landlords. 19 stores will be closed by the administrator today.

Joules will retain its management autonomy and creative independence. It will also have its own Board of Directors and continue to be based in Market Harborough. Most Joules staff will remain with the business and Joules will go live on NEXT’s Total