N Brown news and archive

N Brown appoints non-exec director

British fashion group N Brown has appointed Dominic Platt as an independent non-executive director. Platt is currently the chief financial officer of financial services company BGL, a position he’s held since 2016. Prior to joining BGL, he spent five years at electrical retailing company Darty where he was group finance director and managing...

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Business

N Brown reports drop in full-year revenue and profit

British fashion group N Brown has reported a drop in revenue and profit as store closures throughout the year took their toll on the business. Revenue at the multi-brand group dropped 13 percent to 728.8 million pounds in the 12 months to February 27 2021, while product revenue dropped 14.4 percent to 468.4 million pounds. Meanwhile, adjusted...

People

N Brown non-exec board member steps down

UK fashion group N Brown has said its non-executive director Lesley Jones is stepping down on March 31 following her appointment as chair of Sainsbury's Bank. Jones has been on the N Brown board since 2014. She has nearly 40 years of experience in financial services, having spent 30 years at multinational investment bank Citigroup and six years...

Retail

N Brown switches to more sustainable dispatch bags

Multi-brand fashion group N Brown has announced new, more sustainable packaging. The British retailer, which owns brands Simply Be, Jacamo and JD Williams, said it will now package its deliveries in Green Polyethelyne (Green PE) dispatch bags, in order to reduce its carbon footprint. Green PE is a bio-based plastic, manufactured from polymer...

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N Brown chair steps down, successor announced

British retailer N Brown has announced its chairman Matt Davies will step down on March 31 “to spend more time on his other business activities”. Davies leaves after three years in the position during which he oversaw a significant period of change at the company, which owns brands Simply Be, Jacamo and JD Williams. In December, the...

Business

N Brown completes 100 million pound fundraising

British retailer N Brown has completed the 100 million pound fundraising it announced last month. The Manchester-based company has previously said the fundraising will help strengthen its balance sheet and “allow targeted investments to accelerate delivery of growth strategy to capitalise on the structural tailwinds in the group's markets”. The...

Business

N Brown announces 100 million pound fundraising

British retailer N Brown announced a 100 million pound fundraising on Thursday alongside its half-year results. The Manchester-based company said the equity raise would come by way of a fully pre-emptive placing to the substantial shareholder, subject to clawback under the 100 million pound open offer to all shareholders at a price of 57 pence...

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Business

N Brown profits fall in year of digital transformation

N Brown’s adjusted profit before tax fell 28.8 percent to 59.5 million pounds for the 12 months to 29 February in what the company described as a “critical year” for its “transition to digital”. Group revenue for the year fell 6.1 percent to 858.2 million pounds. The company, which owns Simply Be, Jacamo and JD Williams, said it had made “...

Business

N Brown sales sees sales plunge, warns on profit

In light of current market conditions and the rapidly changing developments regarding Covid-19, N Brown plc in an update said that at this stage, there is no way of predicting the impact the virus will have on the company’s sales, nor how long the pandemic will last and what effect it will have on customer behaviour. The company added that while...

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N Brown appoints Vicky Mitchell as Non-Executive Director

N Brown Group plc has announced the appointment of Vicky Mitchell as a Non-Executive Director with immediate effect. The company said in a statement that Mitchell will chair the group’s financial services board committee in addition to becoming a member of the audit and risk committee. Mitchell, the company added, brings over 20 years of...

People

N Brown Group appoints new financial services CEO

Online fashion retailer N Brown Group has appointed Daniel Joy as its new financial services CEO, effective 6 January. Joy has spent the last 11 years at Ikano Bank AB, where he worked as UK country manager and most recently as chief commercial officer. He was also credited with leading the company’s digital team and helping develop a more agile...

Business

N Brown partners with Lamoda and The Iconic for Simply Be

N Brown Group has partnered with Global Fashion Group (GFG), owner of fashion platforms Lamoda and The Iconic. The company said, Lamoda will feature a capsule collection from Simply Be’s A/W18 range, providing reach across multiple cities in Russia and CIS (Commonwealth of Independent States). Meanwhile The Iconic, the company added, will expand...