299
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
Published
May 15, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Brand buys make Noni B Australia's biggest womenswear retailer

Published
May 15, 2018

Noni B will become the biggest women’s fashion retailer in Australia after it buys the Katies, Millers, Crossroads, Autograph and Rivers brands for A$31 million from local retail peer Specialty.


Katies



The enlarged company will generate more than A$1 billion in sales annually as it combines the businesses with its existing signature chain and its Rockmans, W Lane and BeMe brands.

The purchase will also mean it has 1,350 retail stores, up from 645 units at present and will see it leapfrogging over current market number one, Premier Investments, which is controlled by Solomon Lew.

Specialty has seen its losses mounting up in recent periods and a mooted rescue deal on the part of the Qatari royal family’s investment company didn’t materialise last year.

Specialty has blamed the highly promotional Australian market for its woes with the company being forced into aggressive discounting that was unsustainable over the long term.

But while Noni B will see its size increasing as it buys the lossmaking business, the company isn’t expecting a speedy turnaround with further losses predicted for the 2018 financial year.

Group CEO Scott Evans told AAP that the firm’s “disciplined approach to costs of doing business, combined with our customer focus, will ensure a successful turnaround.”

He expects part of that process to be around cost savings due to synergies and that the acquired brands will break even in the 2019 year.

Meanwhile, Specialty is retaining its City Chic brand and said the focus on that label “was the best plan”. City Chic has around 110 stores and an international e-store and is profitable on an Ebitda basis.

Copyright © 2024 FashionNetwork.com All rights reserved.