Gordon Brothers news and archive

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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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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Fashion |In Pictures

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...

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Gordon Brothers announces sale of Orsay brand

Following a complete brand turnaround, Gordon Brothers has announced the sale of womenswear brand Orsay. The omnichannel label, as well as its archives, related trademarks and other intellectual property, has been sold to a private investor from the Czech Republic operating under Orsay International. The advisory and investment firm, which also...

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Gordon Brothers loans 25 million dollars to Everlane to support growth

Global advisory firm Gordon Brothers has announced that it has provided American clothing retailer Everlane with a 25 million dollar term loan secured by the brand and its working capital assets. In a release, the company said the brand would use the loan to support “over a decade of continued growth”. Speaking on the agreement, Tobias Nanda,...

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Gordon Brothers acquire German fashion brand Orsay

US global advisory, restructuring and investment firm Gordon Brothers have acquired the German Orsay brand, archives, related trademarks and other intellectual property from Orsay GmbH for an undisclosed amount. In a statement, Gordon Brothers said that the acquisition will allow the German omni-channel women’s fashion brand to maintain its...

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Retail

Laura Ashley announces partnership with Next

Laura Ashley has announced a partnership with Next to re-launch its home products online and in-stores nationwide. The news was announced by advisory firm Gordon Brothers, which bought Laura Ashley out of administration in April. The company said Next was the ideal retail partner as it has over 500 stores in the UK and Ireland, as well as an...

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Laura Ashley brand bought out of administration by Gordon Brothers

The Laura Ashley brand has been acquired by US advisory firm Gordon Brothers after falling into administration last month when rescue talks were thwarted by Covid-19 concerns. Gordon Brothers said it will consider “several go-to-market strategies” for the struggling British fashion and homeware retailer, which could include the closure of stores...

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Gordon Brothers sells Bench to Apparel Brands Limited

US investor Gordon Brothers sold British streetwear brand Bench to fashion company Apparel Brands Limited. Wraith, an affiliate of Apparel Brands, bought the brand for an undisclosed amount. Apparel Brands Limited, currently one of Bench’s primary European licensees, has evolved into “the natural owner” of the brand, according to a statement by...

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Bench relaunches with Spring 2020 collection

Bench is returning to the European market after investor Gordon Brothers took over the brand rights following the streetwear brand’s bankruptcy last year. Bench unveiled its spring 2020 collection, which comprises around 300 pieces, at UK fashion trade show Pure London. Wholesale prices for t-shirts start from around 20 pounds and sweaters from...