N Brown news and archive

N Brown appoints Meg Lustman as independent non-executive director

N Brown Group Plc has confirmed the appointment of Meg Lustman as an independent non-executive director with immediate effect. Commenting on Lustman’s appointment to the board, Ron McMillan, chairman of N Brown Group, said: "On behalf of the board and everyone at N Brown, I welcome Meg to the Group Board. Meg brings a wealth of product...

Business

Frasers Group ups stake in N Brown, becomes second-largest shareholder

Mike Ashley’s Frasers Group has once again upped its stake in online retailer N Brown, making it the group’s second-largest shareholder. The fashion giant, which owns the likes of Sports Direct, Missguided and House of Fraser, increased its stake to 17.88 percent, according to the company’s regulatory filing. Frasers initially increased its...

Report

N Brown Group non executive director Gill Barr to step down

N Brown Group Plc has announced that Gill Barr, a non-executive director, is stepping down from the company’s board, in order to focus on other professional commitments. The company said in a release that Barr will step down from the board following the conclusion of the annual general meeting in July and will not stand for re-election....

Report

N Brown Q3 revenues drop

N Brown plc reported third quarter revenue of 249.2 million pounds, down 7.6 percent in line with Q2 trends and management expectations, reflecting a soft and highly promotional market. Commenting on the trading performance, Steve Johnson, the company’s chief executive, said: "We have traded in line with our expectations through a challenging...

Business

N Brown to pay 49.5 million pounds after settling legal dispute

Fashion conglomerate N Brown Group has said it has agreed to pay Allianz Insurance 49.5 million pounds, putting an end to their long-term legal dispute. The claim was initially issued by the insurance firm in January 2020 against N Brown subsidiary JD Williams & Company (JDW). Allianz launched the dispute in relation to significant amounts of...

Report

N Brown CFO Rachel Izzard to step down

N Brown Group Plc has announced the departure of chief financial officer Rachel Izzard. The company said in a release that Izzard will be leaving the group to take up a career opportunity outside of the online fashion and consumer credit industry and that the process to identify her successor is underway. According to the company’s website,...

Business

Frasers Group ups stake in N Brown

Frasers Group, the owner of Sports Direct, Flannels and House of Fraser, has increased its stake in online fashion retailer N Brown to 5.04 percent, just one month after it had first bought into the group. It comes after N Brown’s shares saw a sharp fall in October after it issued a revenue warning in light of the cost-of-living crisis. The...

People

N Brown taps new director of design

British fashion retail group N Brown, which owns brands Simply Be, JD Williams, and Jacamo, has named Helen Low as its new director of design. Low will take up the new position on November 21, and joins from British fashion group Joules where she is currently head of design. Earlier in her career, Low held a number of senior design positions at...

Report

N Brown marketing chief exits amid business streamlining

N Brown marketing chief Kenyatte Nelson has left the business amid a broader streamlining of the British fashion e-tailer. In a statement to Drapers, chief executive Steve Johnson confirmed Nelson’s exit, and praised him for having an “enormous influence on the creation of our unique brand propositions” during his time at the company. Nelson...

ManagementFeatured

N Brown posts drop in H1 profit, revenue

British e-tailer N Brown Group has reported a drop in revenue and profit in the first half of the year amid a tough microeconomic backdrop, and warned it expects that pressure to continue in the second half. The Manchester-based company’s revenue for the period dropped 4.6 percent to 347.4 million pounds in the 26 weeks to August 27. Its...

Report

N Brown sales drop by 2.1 percent

N Brown Group Plc , for the 13 weeks ended May 28, 2022 reported revenues of 165.1 million pounds, down 2.1 percent compared to the previous year’s first quarter. The company said in a release that earnings expectations for FY23 remain unchanged from those outlined in the preliminary results on May 18, 2022, with adjusted EBITDA expected to...

ManagementFeatured

N Brown posts growth across strategic brands

N Brown Group revenue declined 1.8 percent to 715.7 million pounds for the year to February 26, 2022, as a result of a 0.6 percent decline in total product revenue and a 4 percent decline in financial services revenue. However, adjusted pre-tax profit of 43.1 million pounds was up 46.6 percent from the previous year’s 29.4 million pounds and...