×
865
Fashion Jobs
ALTRA
Sales Manager UK
Permanent · LONDON
DIESEL LONDON LTD
Keyholder
Permanent · DARTFORD
HUGO BOSS
E-Commerce Operations & Logistics Manager
Permanent · London
VF INTERNATIONAL
Senior Credit Controller - Multibrand
Permanent · CALVERTON
EASTPAK
Credit Team Leader - Eastpak
Permanent · CALVERTON
HUGO BOSS
Buyer Emea
Permanent · London
ESTÉE LAUDER
Aveda - Omni National Account & Operations Executive
Permanent · London
ESTÉE LAUDER
Demand Planner - Supply Chain
Permanent · London
ESTÉE LAUDER
Director, International Business Development (Maternity Cover)
Permanent · London
PAUL SMITH
International Sales Executive
Permanent · LONDON
EASTPAK
Sales Manager
Permanent · LONDON
NEW BALANCE
Category Merchandising Manager Emea, Running Footwear
Permanent · Warrington
CONFIDENTIEL
Warehouse Area Manager
Permanent ·
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Liverpool - 26 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Boots-Aintree, Liverpool - 11 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Newcastle - 12 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Boots, Bishops Stortford - 7.5 Hours - Part-Time - Permanent
Permanent · Bishop's Stortford
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 37.5 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Clinique - Consultant - Boots, Oracle Reading - 28 Hours - Part Time, Permanent
Permanent · Reading
ESTÉE LAUDER
Clinique - Consultant - Flannels, Sheffield Meadowhall - 22.5 Hours - Part Time, Permanent
Permanent · Sheffield
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Cribbs Causeway - 37.5 Hours - Full Time, Permanent
Permanent · Bristol
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 30 Hours - Full Time, Permanent
Permanent · Cardiff
Published
Sep 28, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Myer rethinks Sass & Bide disposal as sales improve

Published
Sep 28, 2018

News this summer that struggling Australian department store chain Myer was looking to sell its designer label Sass & Bide, appears to have been premature with a report on Friday that the company has called off its plans.


Sass & Bide - Fall-Winter2018 - Womenswear - Sydney



It had reportedly hired advisors from Flagstaff to test buyer appetite but has now decided to keep the brand, The Australian reported. The newspaper added said that the Marcs and David Lawrence labels are also not up for sale.

While there have been suggestions that buyer interest in Sass & Bide was weak, the retailer said that the opposite was true, but that the label’s improved performance made it worth retaining.

Myer bought a 65% stake in the brand seven years ago for A$42 million and later bought the remaining stake from founders Sarah-Jane Clarke and Heidi Middleton for around A$30m.

The potential sale of the business had come as still-new CEO John King works to drive a turnaround at the chain. The ex-House of Fraser CEO has a strong track record and is credited with having rescued that UK business 12 years ago, although as we know, its long-term decline continued after he left.

Australian department stores have not been immune to the devastation that has been affecting this particular retail channel in many major markets. Both Myer and more upscale rival David Jones have suffered as they realised only slowly the importance of the online channel and as dynamic international retailers moved into their market, both digitally and physically.

Myer’s attempt to capitalise on the arrival of such retailers backfired when its link-up with Topshop hit the rocks and it booked a major loss on that business.

Copyright © 2021 FashionNetwork.com All rights reserved.