×
139
Fashion Jobs
PUMA
Ecommerce Marketplace Manager
Permanent · Manchester
NEW BALANCE
Sales & Merchandise Planner (European Key Accounts)
Permanent · Warrington
SHISEIDO
National Education & Events Manager - Nars
Permanent · London
MARSHALLS
Loss Prevention Detective
Permanent · Roxbury Township
360 TALENT LONDON
Senior Sales - Luxury Menswear - New York City
Permanent · NEW YORK
360 TALENT LONDON
Stock & Logistics Manager
Permanent · LONDON
CONFIDENTIAL
Design Director
Permanent · LONDON
SHISEIDO
Group Business Analyst
Permanent · London
OTTOMAN HANDS LONDON
Digital Marekting Manager
Permanent · LONDON
SHISEIDO
Bareminerals Account Manager - Boots Clayton Square (30)
Permanent · Liverpool
SHISEIDO
Bareminerals Account Manager - Debenhams, Trafford (35)
Permanent · Stretford
SHISEIDO
Bareminerals Account Manager - Debenhams, Carlisle (22.5)
Permanent · Carlisle
SHISEIDO
Bareminerals Account Manager - Debenhams, Colchester (Maternity Cover)
Permanent · Colchester
SHISEIDO
Accounts Payable Manager
Permanent · LONDON
SHISEIDO
Bareminerals Account Manager - Debenhams, Winchester (Maternity Cover)
Permanent · Hampshire
SHISEIDO
Bareminerals Account Manager - Debenhams, Ipswich (37.5)
Permanent · Ipswich
BLUE WASH LIMITED
Social Media Content Creator Intern
Internship · LONDON
HUGO BOSS
Store Manager - Brighton
Permanent · Brighton
PUMA
Cpg Custom Club Assembler
Fixed-term · Leeds
PUMA
IT Technical Support Assistant
Permanent · Castleford
AEQUEM - THE SUSTAINABLE SHOPPING PLATFORM
Intern - Marketing, Social Media & Graphics
Internship · LONDON
MD-DA LTD
Intern - Marketing & Sales
Internship · LONDON
Translated by
Nicola Mira
Published
Nov 20, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

French businessman Thierry Le Guénic buys Burton of London

Translated by
Nicola Mira
Published
Nov 20, 2020

In a new shake-up within the fashion distribution sector, French fashion group Omnium has parted ways with Burton of London. According to FashionNetwork.com sources, the group run by Philippe Lascar and chaired by Robert Lascar, has now sold the men's and women’s ready-to-wear retailer, which it bought in 1991.


Burton of London


Burton of London’s new owner is French businessman Thierry Le Guénic. The acquisition has been approved by the competition watchdog, which gave the green light after examining the documentation filed on September 30.

In early autumn, Thierry Le Guénic also bought furniture retailer Habitat from the Cafom group. Habitat operates 31 directly owned stores, generating sales worth approximately €100 million, but had been struggling financially for a number of years. In recent years, Le Guénic, in collaboration with Stéphane Collaert, has also bought Chevignon and Maison Lejaby, as well as footwear retailers Cosmo Paris and San Marina. 

For a sum that has not been disclosed by the competition authority, Le Guénic has now acquired another significant retail network, with 125 stores across the whole of France.

FashionNetwork.com has contacted both the Omnium group and Le Guénic, but neither has yet responded.

Burton of London is a long-standing brand born in the UK in the early 20th century, where it built its tailoring reputation. The brand established itself also in France, with a subsidiary which was bought in 1981 by the Rallye group. Ten years later, the Omnium group took over the business, which at the time had 65 stores in France and generated a revenue of €84 million.

Last year, Anne-Laure Couplet replaced Thierry Perusat, who had been at the helm of the fashion retailer since 2016. According to documents filed with the trade court in September, Couplet has also become Burton of London’s president. 

In spring, at the height of the lockdown in France, Robert Lascar told the Breton edition of business newspaper Journal des Entreprises that the company did have some cash resources, but they were limited, and he needed to cut inventory and purchases by 20% to 30%.

“Whatever happens, things won’t probably get back to normal before 2021,” he said at the time.

In 2017, Burton of London claimed a revenue of about €100 million, generated via some 130 stores. Before the acquisition, Omnium’s website indicated that the group had a consolidated revenue of €561 million, with 545 stores and 3,200 employees. Omnium’s portfolio also includes fashion retailers Devred 1902 and Bouchara.

Copyright © 2021 FashionNetwork.com All rights reserved.