The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The British high-street retailer has taken a 33 percent stake in the label and will also provide e-commerce infrastructure to support its operations. The financial terms of the deal were not disclosed.
The brand’s relaunch as a menswear label comes after a 9-year hiatus. Founder Peter Williams shuttered the brand, originally known as Aubin & Wills, to focus on sister brand Jack Wills in 2012.
The partnership with Next reflects changes in the market accelerated by the pandemic. Aubin will be available from September 7 through a single store on London’s Carnaby Street and via its e-commerce site, serviced by Next.
The deal is the latest sign of Next’s ambitions to expand its influence following the pandemic. The company has proved resilient as a result of its sizable online business. In March it acquired a 25 percent stake in upmarket label Reiss.
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Britain’s Next Raises Profit Forecast for Second Time in Two Months
British fashion retailer Next raised its full-year profit guidance for the second time in two months as it reported better than expected first quarter trading.
The Japanese apparel chain will be launching its sister brand GU in the US later this year, targeting younger consumers with lower prices and a curated selection of trendy wares.
Canada, France and Ireland are among the countries working with home-grown fashion talent to create uniforms for their teams at this summer’s Olympic Games. For these small labels, it’s an unprecedented opportunity to capitalise on one of sports’ largest events.
The online fashion retailer plans to update China’s securities regulator on the change of the initial public offering venue and file with the London Stock Exchange as soon as this month, a person with knowledge of the matter said.
The company, under siege from Arkhouse Management Co. and Brigade Capital Management, doesn’t need the activists when it can be its own, writes Andrea Felsted.