The owners of fashion businesses like River Island, The Edinburgh Woollen Mill Group, Arcadia, Charles Tyrwhitt, New Look and Monsoon Accessorize have all seen their estimated personal wealth fall over the past year.
Solihull-based training apparel brand Gymshark is asking people to upload a ‘sweaty selfie’ on social media to raise funds for two NHS charities in Birmingham. For each photo shared, the brand will donate £5.
Only a handful of fashion and accessories retailers have been included in a ranking of Britain’s private companies with fastest-growing profits. Gymshark, End., Regatta and Johnstons of Elgin lead the pack.
Gymshark, the British sportswear brand for fitness enthusiasts, is to build a 55,000-square-foot gym and innovation hub complete with photography studios and an R&D factory near its headquarters in Birmingham.