86
Fashion Jobs
SHISEIDO
K-Key Account Lead
Permanent · HO CHI MINH CITY
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
Published
Dec 18, 2020
Reading time
2 minutes
Download
Download the article
Print
Text size

Is Next talking to US investor on Arcadia bid?

Published
Dec 18, 2020

Fast-growing retail giant Next is believed to be talking to a major US investment firm about a joint bid for failed group Arcadia.


Photo: Sandra Halliday



If it happened, it would see brands like Topshop, Burton and Dorothy Perkins coming under the control of a business widely seen as being one of the best run fashion retail operations in Britain.

Next is very profitable and heavily committed to physical stores, even though around half of its business is sourced online.

Sky News reported that it’s in “detailed” talks with US-based Davidson Kempner Capital Management and the two are “likely, but not certain” to bid for Arcadia before a revised deadline of Monday. It also said Next has been speaking to other potential financing partners as well.

Other rival bidders for Arcadia are believed to include Mike Ashley's Frasers Group, American giant Authentic Brands and e-tailer Boohoo.

Taking over Arcadia would certainly be an ambitious move for Next but by partnering with an outside investor, it could reduce the capital the retailer would have to invest in the company.

Although Next operates its own stores and webstore, and owns brands like Lipsy, recent expansion deals have seen it taking an approach to growth that’s capital-light. It took on the licence for Victoria’s Secret UK stores, for instance, and also has the licence for Ted Baker’s kidswear and lingerie.

The big question is: how many Arcadia stores would Next want to run if it was successful?

One source told Sky News that Next chief Simon Wolfson “would be keen to keep a substantial number of Topshop outlets trading”, although it’s unclear how many Evans, Wallis, Miss Selfridge, Burton and Outfit branches might continue.

Copyright © 2024 FashionNetwork.com All rights reserved.