N Brown news and archive

N Brown names Heidi Kenyon-Smith as general manager of Simply Be

N Brown Group plc has appointed Heidi Kenyon-Smith as the new general manager of Simply Be. Kenyon-Smith will commence her new role on January 2, 2024 and will report directly to N Brown’s CEO of retail, Sarah Welsh. Commenting on the new appointment, Welsh said: “Heidi joins with a great deal of passion to deliver the evolution of Simply Be...

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N Brown revenues decline 10.4 percent

N Brown Group revenue contracted 10.4 percent to 297 million pounds, reflecting the challenging market conditions including unseasonable weather through spring and July to August. The company witnessed trading during the first five weeks of the third quarter improve over the second quarter run rate. While macro-economic challenges of a high...

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Frasers Group ups stake in N Brown again

British retail giant Frasers Group has once again upped its stake in Manchester-based fashion group N Brown. Frasers, which owns the likes of Sports Direct, House of Fraser, and Jack Wills, announced Thursday it has slightly increased its stake in N Brown from 17.88 percent to 18.1 percent. It comes after N Brown last month announced an almost...

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N Brown announces board changes, two directors step down

Fashion retail group N Brown has announced a number of shifts in its board following its most recent AGM. Gill Barr and Richard Moross will be stepping down from their positions as initially outlined earlier in the year following the conclusion of the general meeting. In a statement, N Brown said: “The board would like to thank both Gill and...

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N Brown Q1 revenues decline by 9.9 percent

For the first quarter, N Brown Group reported revenues of 148.7 million pounds, down 9.9 percent. The company said that the softer product revenue seen in the fourth quarter has broadly continued, reflecting poor early spring weather and low consumer confidence. Commenting on the company’s performance, Steve Johnson, N Brown’s chief executive,...

ManagementFeatured

N Brown: Revenue and profit decline amid challenging market conditions

N Brown Group revenue for the year to March 4 2023 fell 5.3 percent to 677.5 million pounds, reflecting challenging online market conditions. The company said that product revenue declined 6.9 percent, with strategic brands down 5.3 percent. Lower retail sales, net of higher customer credit penetration, led to lower FS revenue, down 2.4 percent....

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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...

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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....

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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...

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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,...