×
51
Fashion Jobs
ESTÉE LAUDER
Mac Cosmetics - Area Sales And Education Manager (Ireland)
Permanent · Dublin
ESTÉE LAUDER
Clinique - Consultant - Brown Thomas, Cork - 18 Hours - Part-Time - Permanent
Permanent · Cork
ESTÉE LAUDER
Clinique - Consultant - Brown Thomas, Limerick - 11 Hours - Part Time, Permanent
Permanent · Limerick
L'OREAL GROUP
l'Oréal Designer Fragrances Mobile Fragrance Consultant
Permanent · Dublin
FOOT LOCKER
Manager Treasury Operations
Permanent · Dublin 1
L'OREAL GROUP
Lancôme Deputy Account Manager Brown Thomas Dublin
Permanent · Dublin
L'OREAL GROUP
Giorgio Armani Beauty Business Manager - Brown Thomas Limerick
Permanent · Limerick
ESTÉE LAUDER
le Labo - Fragrance Specialist - Brown Thomas, Cork - 30 Hours - Full Time, Temporary
Fixed-term · Cork
ESTÉE LAUDER
le Labo - Fragrance Specialist - Brown Thomas, Cork - 37.5 Hours - Full Time, Temporary
Fixed-term · Cork
ESTÉE LAUDER
le Labo - Counter Manager - Brown Thomas, Cork - 37.5 Hours - Full Time, Temporary
Fixed-term · Cork
ESTÉE LAUDER
Tom Ford - Specialist - Brown Thomas, Dublin - 30 Hours - Full Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
jo Malone London - Stylist - Brown Thomas, Cork - 11 Hours - Part Time, Permanent
Permanent · Cork
ESTÉE LAUDER
Mac - Retail Manager - bt2, Dundrum - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
Bobbi Brown - Retail Artist - Brown Thomas, Galway - 22.5 Hours - Part Time , Permanent
Permanent · Galway
ESTÉE LAUDER
Estee Lauder - Beauty Advisor - Boots-Liffey Valley, Dublin - 15 Hours - Part Time, Temporary
Fixed-term · Dublin
ESTÉE LAUDER
jo Malone London - Stylist - Arnotts, Dublin - 15 Hours - Part Time, Permanent
Permanent · Dublin
TAPESTRY
Senior Sales Associate i - ce ir Kildare (40 Hours)
Permanent · Nurney Road
LEVI'S
24hr Keyholder. Keyholder Experience Essential
Permanent · Kildare
RALPH LAUREN
Department Manager
Permanent · Kildare
FOOT LOCKER
Sales Associate
Permanent · Limerick
FOOT LOCKER
Director Treasury Operations
Permanent · Dublin 1
FOOT LOCKER
Sales Associate
Permanent · Dublin 1
Published
Jan 17, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Next and US partner seen as most likely to win Arcadia - reports

Published
Jan 17, 2021

Fast-expanding retailer Next and its US partner Davidson Kempner are being widely touted as the frontrunners to buy failed Arcadia out of administration.


Topshop



If it happens, it would be a further radical expansion for the company that in the last year alone has launched a standalone premium beauty chain, taken on the Laura Ashley and UK Victoria’s Secret operations and become Ted Baker’s lingerie and nightwear licensee. Next being seen as the lead bidder was reported by several newspapers on Sunday.

Monday is the deadline for final Arcadia bids with Next likely to be up against an Authentic Brands Group/JD Sports consortium, pureplay e-tailer Boohoo Group (thought to be most interested in Topshop) and Frasers Group.

But while a Boohoo buy would likely mean mass store closures, it’s not guaranteed that Next would want to keep the majority of the roughly 500 Arcadia stores open. Reports suggested that Next would want to link store rents and other occupancy costs to profitability, which means it would need to get landlords on board and that some stores could shut for good.

Next might not even want to continue with all the chains (Topshop/Topman, Miss Selfridge, Wallis, Dorothy Perkins, Burton and Outfit). Wallis and Outfit are seen as being at risk in particular.

Next chief Simon Wolfson has previously said he was “only interested in the brands that we think are very, very good” and that the retailer would be a minority shareholder.

It could mean that any deal is similar to the one its for Victoria’s Secret and Laura Ashley ops where it runs physical stores and webstores on behalf of the ultimate brand owner.

Arcadia’s administrators, Deloitte, reportedly want to sell Arcadia by the end of the month. 

But as mentioned, Next isn’t the only company interested and it faces a deep-pocketed rival in Authentic Brands Group. Boohoo also has a big acquisition war chest, although it's been suggested it’s now seen as an outsider to win the auction.

And Frasers? It too has plenty of cash to make purchases, but it likes to buy at bargain prices and a hotly contested Arcadia battle might push up the price.

Plus it may have other plans for its available cash. The Sunday Times reported that the company has bid up to £65 million for the Peacocks chain, which came on the market as part of the collapse of Philip Day’s retail empire.

But the report also said that Day, as secured creditor, actually wants around £70 million and if such a bid doesn’t happen, he might buy back the business. 

No news has come through yet regarding Frasers’ widely reported interest in buying Debenhams.

Copyright © 2021 FashionNetwork.com All rights reserved.