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Myer has signed an agreement to acquire Premier Investments’ Apparel Brands business in Australia and New Zealand, in exchange for shares. “The combination of Myer and Apparel Brands is transformational for our business,” said Wirth. million new, fully paid ordinary shares.
Department store group Myer has proposed to combine its business with Premier Investments’ Apparel Brands, comprising Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti. ” Apparel Brands has 717 stores across Australia and New Zealand, and generated revenues of $845 million in the last fiscal year. “The
Apparel retailer Accent Group the parent of Platypus and Hype DC, among other labels expects to achieve earnings of $80 million for the first half of the fiscal year. The post Apparel retailer Accent Group forecasts $80 million earnings appeared first on Inside Retail Australia. The group reported a 4.6
American Apparel is relaunching in Australia and expanding into New Zealand, releasing its new season range online online. “We will also be bringing our newest collections and styles of American Apparel to those markets and will be supporting the brand with our Craft the Culture campaign. .
per cent to $296 million and the Apparel Brands business, which includes Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti, fell 6.4 “The last 12 months have highlighted significant future opportunities for each of Peter Alexander, Smiggle and the Apparel Brands,” said Solomon Lew, chairman of Premier Investments.
Myer’s acquisition of Premier Investments’ Apparel Brands appears to be the next step in Olivia Wirth’s plan for the department store’s loyalty program, Myer One. But it’s not all about size, Premier’s Apparel Brands’ omnichannel strategy and customer connection align with Myer’s approach to loyalty.
It estimates global sales of its apparel brands business to range from $405 million to $412 million and its underlying EBIT between $31 million and $35 million. The apparel brands consist of Just Jeans, Jay Jays, Portmans, Dotti, and Jacqui E.
The marriage of convenience through a Myer acquisition of Premier Investments apparel brands portfolio is more likely to succeed. The Myer takeover of Premier Retail’s apparel brands seems certain to succeed as part of Solomon Lew’s restructure of his retail investments. The post A marriage of convenience?
Myer has revealed the details of early shareholder votes in favour of its proposed acquisition of Premier Retail’s apparel brands Just Jeans, Jay Jays, Portmans, Dotti, and Jacqui E. Kroll assessed the value of the apparel brands to be in the range of $848.3 per cent voted against it. million to $946.3
The post Australian Fashion Council unveils trademark for Aussie apparel appeared first on Inside Retail. A multi-channel promotional campaign and consumer website will launch in August. Brands can apply to use the trademark online.
If we let it, the voluntary administration of Mosaic Brands can show us the downside of having a large store network while the sale of Premier Investments’ Apparel Brands can show us the upside. The combination of Myer and Apparel Brands is transformational for our business,” said Myer’s executive chair, Olivia Wirth, in a statement. “If
Apparel brand The Upside has partnered with fitness franchise Strong Pilates to launch a sustainable activewear collection. The post Apparel label The Upside partners with pilates chain in sustainable collection appeared first on Inside Retail Australia.
Mirroring the success of our Brookfield Place store in Sydney, we wanted to bring a broader assortment, elevated experience and bespoke touches like accessory personalisation to this diverse guest base. IR: Lululemon’s new flagship introduces several innovations, such as a personalisation station and in-store repair services.
American apparel brands Ann Taylor, Loft, and Talbots have merged into a new group, Knitwell. ” The new company said it will continue to extend its shared services to Lane Bryant, a plus–size women’s apparel brand. Combined, these companies generate more than US$3 billion in annual sales.
Myer’s proposal to acquire Premier Retail’s apparel brands Just Jeans, Jay Jays, Portmans, Dotti, and Jacqui E has received approval from the department store chain’s independent expert. The independent expert, Kroll, assessed the value of the apparel brands to be in the range of $848.3 million to $946.3
Kanye West’s lawyers on Thursday sent a letter to Gap notifying the apparel chain that the rapper and fashion designer was terminating his partnership with the company, saying it failed to meet its obligations under the contract. The post Kanye West seeks to end apparel partnership with Gap appeared first on Inside Retail.
The post Apparel retailer Tiger Mist fined for misleading consumers over returns appeared first on Inside Retail. The brand has now amended the statements on its website after ACCC’s concerns. Tiger Mist sells clothing via social media, predominantly targeting younger consumers.
The post Apparel retailer Tiger Mist fined for misleading consumers over returns appeared first on Inside Retail. The brand has now amended the statements on its website after ACCC’s concerns. Tiger Mist sells clothing via social media, predominantly targeting younger consumers.
The brand delivers a contemporary approach to mindful apparel, balancing design innovation with quintessential ready-to-wear styles. Six years later, the brand has expanded to provide a full closet, with statement pieces, suiting, eventwear and accessories.
Railpen , manager of the £34bn railways pension scheme, has announced that Under Armour, the leading global sports apparel brand, has opened its biggest outlet store in Scotland at Caledonia Park.
The receivers and managers of Mosaic Brands Group announced the closure of the apparel brand on Thursday. Mosaics Rivers brand, along with its stores, will close by mid-April after a sale of the business could not be achieved. The shutdown will impact 136 Rivers stores and approximately 650 employees.
Fast forward to 2024, it has expanded into apparel while leading the retail industry in sustainability measures. The post Why fabric technology is the key to apparel brand Paire’s sustainable approach appeared first on Inside Retail Australia. Paire first launched in 2020 with a single product, socks.
French outdoor adventure and lifestyle brand Salomon has recently become a staple of style-conscious sneakerheads, despite traditionally being known for its functional hiking and trail apparel. I see the opportunity for growth in several key categories.”
The department store chain has yet to name the appointees for the newly created roles of GM of merchandise for beauty, accessories and services and GM of merchandise for women’s apparel. Meanwhile, former Cedar Brands CEO Warwick Blunt will assume the newly constructed role of GM for digital commerce at Myer in November.
Spanning 8000sqft across two levels, the venue will offer more than 5000 apparel, footwear and accessories products. Located at 514 Broadway, the store will mark a “significant milestone” in the brand’s expansion in the US and allow it to have a deeper connection with Gen Z customers on the East Coast, the company said.
Apparel brands Lacoste and Dickies have appointed Accent Group as their exclusive distributor in Australia and New Zealand. The addition of both of these new global brands continues Accent’s strategic drive to grow our business in the Lifestyle Apparel and footwear market, in particular the apparel market,” said Accent CEO Daniel Agostinelli.
The technology, where customers can access selected fashion options without paying a monthly charge, employs artificial intelligence to deliver customised apparel recommendations, allowing people to discover and shop from a store that is matched to their style and budget.
“The partnership with Blauer represents a clear opportunity for us: to explore new expressive possibilities of our brand through apparel that puts the consumer in touch with the Pirelli world of emotions, identity and passion,” said Marco Maria Tronchetti Provera, SVP of design and assets conversion at Pirelli.
House of Darwin operates as a social enterprise and a for-profit apparel firm that invests its income in social activities for isolated Indigenous communities. According to the brand, the store was handcrafted by local artisans and also partnered with other Aboriginal-owned companies and art centres.
The fashion retailer – which sells more than 100 ‘trend-led’ apparel, footwear and accessories brands including Champion, Perfect Stranger, Tommy Jeans, Thrills, and Wrangler – forecasts annual group sales to rise 9.7 per cent from last year to $288.5 million.
The new Alexander McQueen store carries women’s and men’s apparel, accessories, bags, shoes, eyewear and jewellery pieces. The premises are dotted with mannequins interacting throughout the environment, referencing the narrative of the latest runway collections and offering shoppers an immersive shopping experience.
City Chic Collective is a global omnichannel retailer that specialises in curvaceous women’s clothing, footwear, and accessories. In June, ASX-listed City Chic Collective agreed to sell America plus-size apparel brand Avenue Stores to US-based FullBeauty Brands for an undisclosed amount.
The luxury footwear and accessories retailer has partnered with British artisans Timberwoolf, Morgan, Eclipse Manufacturing, and Rush Matters for the furniture and window plinths of the new Marlow store. The store joins RM Williams’ existing locations in London’s New Bond Street and Berwick Street, Soho.
The pop-up store, located inside Burnside Village shopping mall, offers a variety of the brand’s exclusive collections, including apparel and accessories. Luxury fashion house Louis Vuitton has opened a pop-up store in Adelaide, demonstrating its commitment to maximising customer experience.
Under Armour has announced an expanded range of apparel, footwear, and accessories exclusively for the Australian market. The drop includes an array of men’s and women’s essentials and Under Armour says each piece is crafted using quality fabrics and innovative design techniques to ensure maximum comfort, durability, and style.
Australian cycling apparel label MAAP has opened its first flagship concept store in Collingwood, Melbourne. The first collection includes vinyl and player from Sound Merch, skincare for pre- and post-riding needs from Aesop, and accessories from Havn. . It was designed by Clare Cousins Architects.
In the midst of its turnaround strategy, Hiatt explained that the veteran accessories brand is focusing on rebooting the entire structure to better align with the needs of its modern consumer base.
Lab is an acronym for ‘life around bikes’ and the store sells premium cycling apparel and accessories, along with cyclist-oriented items such as fragrances, skincare and grooming products, and books. The Australian company believes the store will capture Amsterdam’s cycling buzz through its new concept store.
Footwear and apparel retailer Foot Locker has debuted a new concept store in New Jersey that it says offers an elevated shopping experience and customer service. Other highlights include a “modern and streamlined shopping journey”, an area for communal sneaker try-ons, and a hub for customisation and personalised experiences.
Plus-size apparel company City Chic has sold its Evans brand to AK Retail Holdings for GBP8 million (AU$15.5 Specialising in plus-size women’s apparel, footwear and accessories, City Chic has a portfolio of brands including City Chic, Avenue, Evans, CCX, Hips & Curves, Fox & Royal, and Navabi.
Icon Outlet at The O2, the London outlet shopping destination, developed by AEG and Crosstree Real Estate Partners, has announced the opening of Superdry, the premium apparel brand. The new store stocks the brand’s authentic apparel collection alongside a full range of accessories, further diversifying the destination’s retail line-up.
The pop-up will showcase apparel, accessories, and collections across the beauty, home, electronics, footwear, and pet outfit categories. . “We look forward to celebrating summer with Shein fans at our beach club-themed pop-up, inspired by the sun-kissed beaches in Australia,” said a spokesperson for Shein.
Set to boast a strong offering of luxury, premium clothing and accessories with an urban style, Police enters the Irish market for the first time at The Boulevard, to join its output in more than 80 countries across all major cities in the Middle East, China and Europe.
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