×
1 575
Fashion Jobs
ESTÉE LAUDER
Global Consumer Marketing Manager jo Malone London
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Fenwick, Bracknell - 24 Hours / 4 Days - Part-Time Permanent
Permanent · Bracknell
MARSHALLS
71 Retail lp Detective
Permanent · Los Angeles
LINDA FARROW
Optical Key Account Manager
Permanent · LONDON
LINDA FARROW
After Sales Executive (German And French Speaking)
Permanent · LONDON
LINDA FARROW
Trade Marketing Manager
Permanent · LONDON
SHISEIDO
Bareminerals Account Manager - Boots Bracknell (37.5 Hours)
Permanent · Bracknell
SHISEIDO
Bareminerals Account Manager - Boots Stratford (37.5 Hours)
Permanent · London
SHISEIDO
Nars Business Manager - Fenwick Newcastle (37.5 Hours)
Permanent · Newcastle upon Tyne
SHISEIDO
Account Manager - Boots Hammersmith (22.5 Hours)
Permanent · London
GUCCI LIMITED
Gucci Stock Manager
Permanent · LONDON
NIKE
Purpose Marketing Manager, London
Permanent · London
NIKE
Agile Marketing Manager, London
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis- 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Demand Planner - The Estée Lauder Companies
Permanent · London
SHISEIDO
Bareminerals Account Manager - Boots, Edinburgh Gyle (30 Hours)
Permanent · Edinburgh
SHISEIDO
Laura Mercier Account Manager - Harvey Nichols Manchester (37.5 Hours)
Permanent · Stretford
SHISEIDO
Bareminerals - Account Manager (30 Hours)
Permanent · Edinburgh
V. F. CORPORATION
Manager, Strategic Accounts - Dickies Emea
Permanent · LONDON
VANS
Credit Controller - Spanish Speaking - Vans
Permanent · CALVERTON
VF INTERNATIONAL
Multilingual Credit Controller - Key Accounts (English Plus Any European Language)
Permanent · CALVERTON
Published
Dec 23, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

N Brown moves to AIM listing after it raises fresh cash

Published
Dec 23, 2020

Online retailer N Brown has completed its equity fundraising and has moved its listing from the London StockExchange’s main market to the Alternative Investment Market (AIM) instead.


Simply Be/N Brown



The company said Wednesday that its planned £100 million fundraising is complete with the owner of the JD Williams, Simply Be and Jacamo brands using the money to invest in the business and pay down unsecured debt.

David Alliance, the company’s’ biggest shareholder underwrote the transaction. Lord Alliance now owns 40% of the business and a group that includes his son Joshua controls 52%. Joshua is also now on the board as a non-executive director.

The company said earlier that raising the money would allow it to continue to build the business, despite the many issues in the wider retail environment. In fact, the new cash should help it accelerate its strategic investment plans as it continues to transition from an omnichannel model to a pureplay online one.

Like most others in the fashion retail sector, N Brown has been hit hard by the pandemic. Late last month it reported an 18% turnover drop for the six months to August and a 25% plunge in pre-tax profits.

N Brown isn't the only company to have raised new funds this year. In the face of the Covid crisis, accessing new cash has been a key focus for many companies, both from a point of weakness and of strength.

Some have made use of emergency government-backed loans in order to maintain their liquidity as a matter of survival, while others have been using new financing to help them continue with their investment strategies. And some of the strongest companies in the UK fashion sector – such as Boohoo Group – have used new financing to help them build up a war chest that could allow them to make strategic acquisitions as many distressed brands come up for sale.

Copyright © 2021 FashionNetwork.com All rights reserved.