×
1 310
Fashion Jobs
ESTÉE LAUDER
Clinique - Consultant - Boots, Fosse Park- 7.5 Hours - Part Time, Permanent
Permanent · Leicester
MICHAEL KORS
Sales Supervisor, Multrees Walk
Permanent · EDINBURGH
VASHI
Talent Acquisition Partner
Permanent · LONDON
LEVI'S
Senior Trade Compliance Analyst
Permanent · Northampton
FOOT LOCKER
Geo Marketing Manager United Kingdom
Permanent · London
VANS
Account Coordinator - French Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
Tom Ford - Business Manager - Selfridges, Birmingham - 37.5 Hours - Full Time, Permanent
Permanent · Birmingham
ESTÉE LAUDER
Marketing Executive, Tom Ford Beauty, Kilian, Darphin And le Labo - Travel Retail Emea (Based London)
Permanent · London
ESTÉE LAUDER
Corporate Account Executive, Lagardere, Dfs, Inflight And Aquatic - Travel Retail Emea (Based London)
Permanent · London
ALEXANDER MCQUEEN
Collection Coordinator Assistant
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots, Oxford - 24 Hours - Part Time, Permanent
Permanent · Oxford
ESTÉE LAUDER
Clinique - Consultant - Boots, Sedley Place London - 37.5 Hours - Full Time, Permanent
Permanent · London
PAUL SMITH
Office Administrator
Permanent · NOTTINGHAM
FRASERS GROUP
Trainee Commercial Manager
Permanent · SHIREBROOK
FOREO
Key Account Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 26 Hours - Part Time, Permanent
Permanent · Edinburgh
BEARA BEARA
Marketing Executive (Taiwanese)
Permanent · LONDON
BRANDLAB 360 - HULA
Hula by Barbara Hulanicki – Wholesale Sales Manager
Permanent · LONDON
HOMEGOODS
Loss Prevention Detective
Permanent · Countryside
TK MAXX
10933-Loss Prevention Officer Sth Ruislip
Permanent · Ruislip
TK MAXX
10933-Loss Prevention Officer Haringey
Permanent · London
ESTÉE LAUDER
Aveda Haircare Category & Marketing Planning Manager
Permanent · London
Published
May 15, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Brand buys make Noni B Australia's biggest womenswear retailer

Published
May 15, 2018

Noni B will become the biggest women’s fashion retailer in Australia after it buys the Katies, Millers, Crossroads, Autograph and Rivers brands for A$31 million from local retail peer Specialty.


Katies



The enlarged company will generate more than A$1 billion in sales annually as it combines the businesses with its existing signature chain and its Rockmans, W Lane and BeMe brands.

The purchase will also mean it has 1,350 retail stores, up from 645 units at present and will see it leapfrogging over current market number one, Premier Investments, which is controlled by Solomon Lew.

Specialty has seen its losses mounting up in recent periods and a mooted rescue deal on the part of the Qatari royal family’s investment company didn’t materialise last year.

Specialty has blamed the highly promotional Australian market for its woes with the company being forced into aggressive discounting that was unsustainable over the long term.

But while Noni B will see its size increasing as it buys the lossmaking business, the company isn’t expecting a speedy turnaround with further losses predicted for the 2018 financial year.

Group CEO Scott Evans told AAP that the firm’s “disciplined approach to costs of doing business, combined with our customer focus, will ensure a successful turnaround.”

He expects part of that process to be around cost savings due to synergies and that the acquired brands will break even in the 2019 year.

Meanwhile, Specialty is retaining its City Chic brand and said the focus on that label “was the best plan”. City Chic has around 110 stores and an international e-store and is profitable on an Ebitda basis.

Copyright © 2022 FashionNetwork.com All rights reserved.