jacamo news and archive

N Brown to be taken private through 191 million pounds deal

Bidco, a newly formed company owned and controlled by Joshua Alliance, will acquire fashion retailer N Brown for approximately 191 million pounds. The company has offered 40p per share in cash compared with N Brown’s closing price of 27p yesterday. The Alliance family already owns around 60 percent of N Brown’s total shares. Bidco said in a...

Business

N Brown improves profit in the first half

N Brown improved first half adjusted EBITDA by 7.4 percent to 18.8 million pounds and adjusted EBITDA margin by 0.9 ppts to 6.8 percent. Adjusted profit before tax of 3.6 million pounds, increased from 0.1 million pounds in H124, while statutory profit before tax of 0.2 million pounds was an improvement from a loss of 2.8 million pounds last...

Business

N Brown sales decline 9.8 percent but profits rise

N Brown’s full year adjusted EBITDA margin of 7.9 percent was broadly in line with FY23, while group revenue decreased 9.8 percent to 600.9 million pounds, reflecting the continued challenging market conditions and a focus on driving profitable sales. The company said in a statement that full year adjusted group gross profit margin increased...

People

N Brown chairman Ron McMillan to retire

N Brown has announced that Ron McMillan will be retiring as chair and stepping down from the board with effect from April 30, 2024, for personal reasons. McMillan has been on the N Brown board for 11 years. The company’s board has decided to appoint Steve Johnson, following McMillan's departure, as interim executive chair and chief executive...

Business

N Brown gets SBTi approval for near-term GHG targets

Fashion retail conglomerate N Brown Group has said that its near-term science-based targets to reduce greenhouse gas (GHG) emissions have been approved by the Science Based Targets initiative (SBTi). By 2030, the company has committed to reduce scope 1, 2 and 3 GHG emissions from its operations by 46 percent from a 2021 base year. While scope 1...

Business

N Brown Q3 revenues decline by 9.3 percent

N Brown’s third quarter revenues of 226 million pounds declined by 9.3 percent over the same quarter last year, while year-to-date revenues of 523 million pounds decreased by 9.9 percent. The company witnessed an improving product revenue trend in the third quarter with product revenues declining by 9.7 percent versus 10.4 percent and 11.9...

People

N Brown names Clare Empson as director of supply chain

N Brown Group has appointed Clare Empson as the new director of supply chain. She will commence her new role on January 15, 2024 and will report directly to N Brown’s Group CEO, Steve Johnson. Commenting on Empson’s appointment, Johnson said: “I’m delighted to be strengthening our senior team with Clare’s appointment. Clare joins at an exciting...

Business

N Brown Q1 revenues decline by 9.9 percent

For the first quarter, N Brown Group reported revenues of 148.7 million pounds, down 9.9 percent. The company said that the softer product revenue seen in the fourth quarter has broadly continued, reflecting poor early spring weather and low consumer confidence. Commenting on the company’s performance, Steve Johnson, N Brown’s chief executive,...

Business

Jacamo establishes partnership with LadBible Group

Jacamo, a menswear brand under the N Brown Group, has unveiled a new partnership with youth publisher, the LadBible Group. Through the long-term agreement, facilitated by media agency The7Stars, the duo will work together on creating video content and wider campaigns focused on “passions and skills”, with every featured look to be shoppable at...

BusinessFeatured

N Brown: Revenue and profit decline amid challenging market conditions

N Brown Group revenue for the year to March 4 2023 fell 5.3 percent to 677.5 million pounds, reflecting challenging online market conditions. The company said that product revenue declined 6.9 percent, with strategic brands down 5.3 percent. Lower retail sales, net of higher customer credit penetration, led to lower FS revenue, down 2.4 percent....

BusinessFeatured

N Brown posts growth across strategic brands

N Brown Group revenue declined 1.8 percent to 715.7 million pounds for the year to February 26, 2022, as a result of a 0.6 percent decline in total product revenue and a 4 percent decline in financial services revenue. However, adjusted pre-tax profit of 43.1 million pounds was up 46.6 percent from the previous year’s 29.4 million pounds and...

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...