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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. .
The post movable display racks allow multiple configurations in this apparel showroom in tokyo appeared first on designboom | architecture & design magazine. SESN/kiyoshi miyagawa integrated a movable rack system in this showroom to enable both storage and product display.
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
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.
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.
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
The post sala hars envisions apparel store in mexico as ‘industrial bunker’ with overlapping forms appeared first on designboom | architecture & design magazine. the architects create a dynamic display system through a procession of enfilades for tiempos flagship store.
The post apparel store in france invites shoppers into nostalgic gravity-defying pool appeared first on designboom | architecture & design magazine. the refreshment club draws on the allure of 60s and 70s americana public pools for this experiential store.
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
With the launch of SA1NT Layers, Former 2XU owner Aidan Clarke has gone back to his roots, with a renewed focus on performance and recovery sportswear apparel. We have evolved our moto jeans and fabrics no less than six times, and this obsession to set the standard and keep raising the bar is now driving us to stand out in sports apparel.
” During the period, Myer completed its merger with the apparel brands business of Premier Retail. . “In a year of transition, we remain focused on executing our strategic plans to drive growth and attractive shareholder returns.”
We’re thrilled to welcome customers to our enhanced store experience, showcasing our even bigger and better range of products from the world’s leading footwear and apparel brands.”
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.
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.
” Last October, Myer signed a deal to acquire Premier Investments’ Apparel Brands business in Australia and New Zealand. . “Trading during last year’s key sales events including Black Friday was strong, but consumers remain cautious and focused on value given persistent cost-of-living pressures.”
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.”
When you think about the types of businesses millennials and Gen Z consumers frequent, apparel or beauty brands may come to mind first, but what about home goods? Research shows that millennials make up an increasingly large part of the consumer base for home goods and furnishings, which includes products ranging from bedspreads to furniture.
“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.
From attempting to open his first store at 19 to successfully running the eponymous apparel brand for 40-plus years, few retailers have careers rivalling that of Hilfigers.
It’s also ahead of other retail areas like household goods (-2 per cent) and apparel (-2.5 An 18 per cent yearly fall in spending on luxury apparel boutiques also supports this trend. Under 30s have cut back substantially in retail categories like apparel (-8 per cent) and department stores (-15 per cent).
Womenswear brand Forever New is opening three flagship stores in Kuwait as part of its strategic partnership with fashion conglomerate Apparel Group. We’re proud to partner with the Apparel Group to further expand our presence in the Middle East,” said Dipendra Goenka, CEO of Forever New.
Throughout its history, Descente has expanded beyond skiing into cycling, running, golf, training, and high-end functional apparel. The growing interest in golf aligns with Descente’s product focus, creating an opportunity to tap into a market-rising demand for performance-driven athletic apparel,” Zhong said. billion this year to $13.28
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.
Our new Emporium store reflects this approach, with an expanded range of products and a dedicated footwear destination, allowing guests to experience firsthand how Lululemon apparel performs. IR: Lululemon’s new flagship introduces several innovations, such as a personalisation station and in-store repair services.
Australian leakproof apparel pioneer Modibodi has been bought by Swedish hygiene and health company Essity in a deal worth $140 million. . The company will also purchase an 80-per-cent stake in Knix, a Canadian e-commerce startup that designs and sells leakproof underwear, swimwear, bras and other apparel.
Despite shareholders unequivocal approval of Myers deal with Premier Retails Apparel Brands last week, many retail experts remain sceptical of the logic of combining the two businesses. It rejuvenates the sales line of Myer; for a period of time, he added. In FY24, Myer generated $3.27 billion in revenue, down from $3.36 billion in FY23.
Last June, Myer announced its proposal to merge with Premier Investments’ Apparel Brands, comprising Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti. Aside from the Apparel Brands, Premier Retail’s brands also include Peter Alexander and Smiggle.
Kontoor Brands, the apparel company behind Wrangler and Lee, is to acquire Canadian outdoor workwear brand Helly Hansen from Canadian Tire Corporation. Founded in Norway in 1877, Helly Hansen is known for its outdoor apparel and clothing innovations, including the first fleece fabrics in the 1960s and the H2Flow temperature regulation system.
“This dual-pronged approach enables us to test regional and international expansion strategies while leveraging established distribution networks in both markets,” he said, adding that given the similarities in ecosystems and values, Southeast Asia presents a significant growth opportunity due to the increasing demand for quality basic apparel. “As
Goodyear, a global leader in tires and service, has teamed up with Pull&Bear to release a motorsport-inspired apparel collection that pays tribute to Goodyears storied racing history across motorsports.
IR : How does Nagnata fill in a white space in the apparel market? Wool, typically associated with winter apparel and knitwear, was transformed into a versatile fabric suitable for year-round wear and high-performance activities.
billion), and fashion and apparel ($9.6 The report says 9.8 million Australian households shopped online last year, with the highest expenditure on online marketplaces (almost $16 billion), food and liquor ($13.6 The average basket size fell to $95, down 2.1 per cent from the previous year and the lowest in a decade.
ASX-listed City Chic Collective has agreed to sell America plus-size apparel brand Avenue Stores to US-based FullBeauty Brands for an undisclosed amount. FullBeauty said the deal will enable it to further expand in the $81 billion women’s plus-sized sector, which is growing three times faster than the broader women’s apparel market. “We
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.
For apparel retailer Shona Joy, the last 12 months were focused on improving the traceability and transparency of its supply chain, as well as improving its customer journey. There is a tightrope of figuring out where there is an opportunity to pull back versus where there is investment needed to ensure continued growth.
Linda Whitehead, former group GM of apparel label Jay Jays, is brand CEO. From design and product innovation to a best-in-class retail experience, were creating something thats both inspiring and transformative, it adds. Honey Birdette’s former global CEO Julie Hastings is COO.
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