Hobbs news and archive

TFG London secures 90 million pound refinancing

In what has been dubbed as a “significant step forward” in its strategic growth plans, TFG London has announced a successful 90 million pound funding. The group, which owns Hobbs, Whistles and Phase Eight, said that it had secured the refinancing of an existing 60 million pound debt facility on top of an additional 30 million pound, giving it “...

Business

TFG London swings to full-year profit

THG London swung to a profit in its most recent fiscal year as it continued to recover from the pandemic. The company, which owns labels Phase Eight, Whistles, and Hobbs, made a profit after tax of 3.46 million pounds for the year ended March 25, compared to a loss of 0.1 million pounds a year earlier, according to filings at Companies House....

Retail

Phase Eight and Hobbs to open outlet stores in Scotland

The Foschini Group (TFG) brands’ Phase Eight and Hobbs are set to open outlet stores in a dual fascia unit at Caledonia Park, Scotland’s designer outlet village. Scheduled to open in Q4, the duo will be sharing a 3,035 square foot space that will mark the first Scottish outlet for Hobbs’ and the second for Phase Eight. The location will house...

Business

Hobbs partners with supply chain transparency platform Segura

British womenswear brand Hobbs has announced a partnership with Segura, a next-generation supply chain transparency platform, that will see the retailer strengthen its position on ethical trade. The partnership hopes to aid Hobbs in modernising the quality of its supply chain management and help in its mission to implement transparency...

BusinessFeatured

Hobbs swings to full-year loss as pandemic bites

Luxury womenswear brand Hobbs swung to a full-year loss and saw its turnover halve in the 12 months to March 27 as the pandemic took its toll on the business. The British brand’s turnover in the year dropped 51 percent to 65.1 million pounds, with the company citing store closures and a drop in demand for its core product categories such as...

Retail

Marks & Spencer adds Joules, Phase Eight, Hobbs and Seasalt to line-up

Marks & Spencer has reportedly struck deals to add four new labels to its womenswear line-up in the spring. When stores reopen after the UK’s current lockdown is lifted, the high street giant will sell clothes by Joules, Phase Eight, Hobbs and Seasalt both in-store and online, The Times reports. Marks & Spencer chose the brands because they have...

People

TFG London CEO steps down

TFG London CEO Ben Barnett is reportedly leaving the company in June 2021 after fourteen years at its helm. Justin Hampshire, the managing director of Hobbs - one of the group’s brands - has been named as Barnett’s successor, and will also take up the role of group managing director, Drapers reports. Hampshire has been at TFG London since 2016,...