N Brown Group is set to cut around 100 positions at its Manchester headquarters amidst a transition to private ownership by the Alliance family.
- The company has entered a consultation phase, affecting approximately 200 employees in Manchester’s Northern Quarter.
- The decision impacts various departments including buying, merchandising, trading, logistics, finance, data, and creative.
- This move coincides with a £191 million acquisition by Joshua Alliance, highlighting the company’s structural transformation.
- Despite the layoffs, N Brown remains committed to legal compliance and supporting affected employees.
N Brown Group has announced plans to eliminate approximately 100 roles at its Manchester headquarters. This strategic decision is part of a larger process as the company transitions to private ownership, facilitated by the Alliance family. The consultation phase affecting around 200 employees in Manchester’s Northern Quarter began recently, indicating significant restructuring within the organization.
The announced redundancies will impact 105 roles in total, including 98 positions in the head office and an additional seven within the company’s supply chain hub. The job cuts are diversified across several departments such as buying, merchandising, trading, logistics, finance, data management, and creative teams. Affected employees are expected to leave the company by the end of October.
The move follows a recently agreed £191 million takeover deal by Joshua Alliance, a non-executive director and a member of the company’s founding family. The company’s decision to delist from the AIM market stems from its current shareholder structure, low trading liquidity, and the limited interest from UK fund managers in small-cap consumer stocks.
In a statement released on the London Stock Exchange, N Brown emphasized that the redundancy process is in full compliance with legal and regulatory obligations, and it was planned prior to the acquisition discussions. The company remains focused on its strategic transformation journey, aiming to return to sustainable growth and unlocking long-term potential while continuing to provide exceptional customer experiences.
A company spokesperson acknowledged the difficult nature of the decision, expressing N Brown’s commitment to supporting colleagues throughout the redundancy process. This restructuring is aimed at delivering strategic transformation and is not taken lightly. The focus remains on sustainable growth and long-term business potential, even as roles are placed at risk.
N Brown’s strategic restructuring reflects its focus on long-term growth amid industry challenges.
