Latest news with #Bestseller
Fashion Network
a day ago
- Business
- Fashion Network
Bestseller's childrenswear label Name It opens first monobrand stores in France
Name It, a childrenswear label belonging to Danish group Bestseller, has opened its first monobrand stores in France. Until now, Name It was distributed in the country only through the wholesale channel. Two stores have already opened, and a third will follow shortly. The stores are operating as inventory clearance outlets. The first Name It store opened in March within the McArthurGlen outlet village in Roubaix. A second opened in the Marques Avenue outlet village in Talange, and the third, set to open in June, will be located inside the Designer Outlet retail village in Paris-Giverny. Name It was created by the Bestseller group in 1986, one of 20 brands owned by the group. It is positioned in the mid-range segment, and its cheerful childrenswear is targeted to kids from 0 to 16 years old. Name It operates nearly 140 monobrand stores worldwide, and is present in 20 markets in total, being also distributed via multibrand retailers. Name It stores have recently opened in Germany (in Potsdam and Berlin) and in Sweden (in Marieberg). The Bestseller group is pushing to expand in France. It has been active in extending the retail footprint of womenswear chain Only, whose goal is to open 200 addresses on the French market in five years, but also in introducing new brands to France. Like Rouge Edit, a womenswear label created in 2024, which is trying to make inroads with fashion retailers through its premium positioning and directional style. The Bestseller group was founded 50 years ago. It currently operates 2,800 monobrand stores and its brands are present in 16,000 multibrand retailers worldwide. In fiscal 2023-24, the group's revenue fell by 4%, down to DKK5.6 billion (€4.77 billion). However, its EBIT improved by 8% in the same period, to DKK5.3 billion (€710 million).
Fashion Network
a day ago
- Business
- Fashion Network
Bestseller's childrenswear label Name It opens first monobrand stores in France
Name It, a childrenswear label belonging to Danish group Bestseller, has opened its first monobrand stores in France. Until now, Name It was distributed in the country only through the wholesale channel. Two stores have already opened, and a third will follow shortly. The stores are operating as inventory clearance outlets. The first Name It store opened in March within the McArthurGlen outlet village in Roubaix. A second opened in the Marques Avenue outlet village in Talange, and the third, set to open in June, will be located inside the Designer Outlet retail village in Paris-Giverny. Name It was created by the Bestseller group in 1986, one of 20 brands owned by the group. It is positioned in the mid-range segment, and its cheerful childrenswear is targeted to kids from 0 to 16 years old. Name It operates nearly 140 monobrand stores worldwide, and is present in 20 markets in total, being also distributed via multibrand retailers. Name It stores have recently opened in Germany (in Potsdam and Berlin) and in Sweden (in Marieberg). The Bestseller group is pushing to expand in France. It has been active in extending the retail footprint of womenswear chain Only, whose goal is to open 200 addresses on the French market in five years, but also in introducing new brands to France. Like Rouge Edit, a womenswear label created in 2024, which is trying to make inroads with fashion retailers through its premium positioning and directional style. The Bestseller group was founded 50 years ago. It currently operates 2,800 monobrand stores and its brands are present in 16,000 multibrand retailers worldwide. In fiscal 2023-24, the group's revenue fell by 4%, down to DKK5.6 billion (€4.77 billion). However, its EBIT improved by 8% in the same period, to DKK5.3 billion (€710 million).
Fashion Network
22-05-2025
- Business
- Fashion Network
Jack & Jones collaborates with Smiley for streetwear inspired collection
Apparel label Jack & Jones has launched a limited-edition streetwear collection in collaboration with Smiley World, featuring manga-inspired graphics, oversized fits, and bold colours. The capsule is has gone live across Jack & Jones stores in India and on its direct to customer e-commerce store. Described by the label as a head-turning drop, the collaboration emphasises individuality and style expression, the brand announced in a press release. The pieces are designed for everyday wear while also appealing to fashion-forward shoppers active on social media. Jack & Jones confirmed that the launch is part of a limited run. The collection includes oversized shirts, graphic t-shirts, sweatpants, caps, and sliders, all designed with distinctive back-prints and mood-led colour palettes. Standout pieces include oversized shirts featuring manga artwork and monochrome print caps. The design approach draws from anime aesthetics, combining grunge-inspired tones with statement elements aimed at digital-first consumers. Jack & Jones, part of Danish fashion company Bestseller, currently operates 101 exclusive brand outlets and 543 shop-in-shops across India. The brand offers a full range of denim, casualwear, sportswear, footwear, and accessories, with an emphasis on accessible urban fashion for men. Bestseller India also markets other labels including Vero Moda, Only, and Selected Homme, and is present in over 1,500 shop-in-shops nationwide.
The National
16-05-2025
- Business
- The National
Sunday Times Rich List sparks fresh calls for wealth tax
The list revealed Made in Chelsea star Georgia Toffolo, who is wife of Brewdog CEO James Watt, to be the richest person in Scotland under the age of 40 with a fortune of £425 million. The richest person in Scotland overall is Danish billionaire Anders Holch Povlsen, the CEO of international retail clothing chain Bestseller and the largest shareholder in ASOS. He is said to have seen an increase in wealth of £974m, bringing his net worth to £7.704 billion. Green MSP Ross Greer has said it is now clearer than ever a wealth tax must be introduced. READ MORE: How far down the far-right drain will Anas Sarwar follow his UK boss? According to research from the Tax Justice Network, a 1% annual wealth tax on net assets over £10 million could raise almost £10 billion a year while only impacting the richest 0.4% of the population. Greer (below) said: 'Over the last year Labour have used claims about the lack of money to justify cuts to pensioners' Winter Fuel Payment and essential support for disabled people. 'This Rich List shows this claim of a lack of money for what it is — a lie designed to protect the extremely wealthy from paying their fair share. 'This is wealth they couldn't spend in a hundred lifetimes, but which we could use to fund our hospitals, schools and the services needed to end the scandal of child poverty. Instead, it's spent on yachts, private jets and buying up land which should belong to communities. (Image: ALEX CRAIG) 'Future generations will look back at this absurd concentration of wealth and the displays of excess and greed that come with it, and ask why it was allowed to get so out of control. There's no better time than now to start reversing course. "That begins by taxing wealth fairly and using the money to build a fairer, greener society.' Almost all of Scotland's ten richest individuals saw their wealth increase in the past year, the Times said. READ MORE: Labour 'more unpopular with UK voters than ever before' – YouGov poll The 76-page special edition of The Sunday Times Magazine reveals the largest fall in the billionaire count in the guide's 37-year history, from a peak of 177 in 2022 to 156 this year. The number of billionaires has dropped for three successive years – but this year's decline is the sharpest yet. Glenn Gordon and family, who own spirits company William Grant and Sons, came second on the Scottish list with a net worth of £6.73bn. They were followed by Ian Wood and family who have a wealth of £5.619bn, an increase of £779m. Other notable names appearing in the top ten are the Easdale brothers Sandy and James whose wealth now stands at £1.46bn. Their most prominent ventures include the bus company McGill's Buses.
The National
16-05-2025
- Business
- The National
Who is on Sunday Times Rich List in Scotland? See full list
According to the Sunday Times Rich List, the I'm a Celebrity champion has a fortune of £425 million. The 30-year-old, who won the 17th series of the ITV reality show, married Watt in March this year in the small coastal village of Gardenstown in Aberdeenshire. READ MORE: Patrick Harvie: If profiting from genocide isn't a red line, what is? It is the first time Toffolo has appeared on the list. The richest person in Scotland is Danish billionaire Anders Holch Povlsen, the CEO of international retail clothing chain Bestseller and the largest shareholder in ASOS. He is said to have seen an increase in wealth of £974m, bringing his net worth to £7.704 billion. (Image: AFP via Getty Images) The 76-page special edition of The Sunday Times Magazine reveals the largest fall in the billionaire count in the guide's 37-year history, from a peak of 177 in 2022 to 156 this year. The number of billionaires has dropped for three successive years – but this year's decline is the sharpest yet. Almost all of Scotland's ten richest individuals saw their wealth increase in the past year, the Times said. Glenn Gordon and family, who own spirits company William Grant and Sons, came second on the list with a net worth of £6.73bn. They were followed by Ian Wood and family who have a wealth of £5.619bn, an increase of £779m. Wood is best known for his work in the North Sea oil industry with Wood Group. Other notable names appearing in the top ten are the former Rangers directors Easdale brothers Sandy and James whose wealth now stands at £1.46bn. READ MORE: CalMac issue correction to Scottish Labour '£1bn ferry fiasco' claim Their most prominent ventures include the bus company McGill's Buses. Harry Potter author JK Rowling appears on the list but remains just outside the billionaire bracket, with a net worth of £945 million. Her fortune, however, remains unchanged from last year, with controversies surrounding her views on trans people seemingly having no impact on her wealth. Lady Philomena Clark, widow of car showroom giant Arnold Clark, also appears with her family's wealth said to be £1.911bn. Who are the top 10 richest people in Scotland? Anders Holch Povlsen: £7.704bn Glenn Gordon and family: £6.398bn Sir Ian Wood and family: £1.914bn Lady (Philomena) Clark and family: £1.656bn Mahdi al-Tajir: £1.643bn Sandy and James Easdale: £1.46bn The DC Thomson family: £1.446bn JK Rowling: £945m Sir Brian Souter and Dame Ann Gloag: £805m Lord Laidlaw: £730m Elton John, Andrew Lloyd-Webber, Mick Jagger, Keith Richards, Euan Blair, Lewis Hamilton and Christopher Nolan all appear in the list. Robert Watts, compiler of the Sunday Times Rich List, said: 'The Sunday Times Rich List is changing. Our billionaire count is down and the combined wealth of those who feature in our research is falling. We are also finding fewer of the world's super rich are coming to live in the UK. READ MORE: Ncuti Gatwa no longer UK Eurovision spokesperson due to 'unforeseen circumstances' 'This year we were also struck by the strength of criticism for Rachel Reeves's Treasury. We expected the abolition of non-dom status would anger affluent people from overseas. But homegrown young tech entrepreneurs and those running centuries-old family firms are also warning of serious consequences to a range of tax changes unveiled in last October's budget. 'Our research continues to find a wide variety of self-made entrepreneurs building fortunes not just from artificial intelligence, video games and new technologies but also mundane, everyday items such as makeup, radiators and jogging bottoms. We know many of our readers find these people and their stories inspiring — especially the many who had tough starts or setbacks to their lives and careers.'
