N Brown Group, the owner of brands like Jacamo and Simply Be, is preparing for significant structural changes.
- The company plans to cut more than 100 roles at its Manchester headquarters in preparation for a private acquisition by the Alliance family.
- A consultation process started last month, impacting around 200 staff, with expectations of 105 job losses by the end of October.
- Redundancies will affect various departments, including supply chain, buying, merchandising, trading, and others.
- The job cuts are part of an organizational review aimed at sustainable transformation and growth.
N Brown Group, a prominent apparel retailer, is bracing for a transformative phase as it anticipates being taken private by the Alliance family. This strategic move entails the reduction of over 100 roles at its Manchester headquarters, marking a significant operational shift. The consultation process commenced last month, involving approximately 200 employees and is projected to culminate in 105 redundancies. These changes are expected to be finalized by the end of October.
The redundancies encompass key departments such as buying, merchandising, trading, logistics, finance, data, and creative sectors, indicating a comprehensive organizational overhaul. In addition to the head office cuts, seven roles within the company’s supply chain hub are also set to be eliminated. Such structural adjustments underscore the company’s strategy to streamline operations amidst the impending acquisition.
Earlier this week, Joshua Alliance, a non-executive director of N Brown, extended an offer to acquire the company at 40 pence per share via Falcon 24 Topco. The offer reflects a calculated move to consolidate ownership and facilitate N Brown’s transition into a private entity. The group, in a statement on the London Stock Exchange, emphasized its commitment to adhering to legal and regulatory obligations throughout this challenging process and clarified that the redundancies were pre-planned, independent of acquisition talks.
A spokesperson from N Brown reiterated the company’s strategic priorities, stating: “As we continue our journey to return to sustainable growth and unlock the long-term potential of our business, our priority remains delivering our strategic transformation whilst providing an exceptional customer experience.” This declaration highlights the company’s focus on maintaining customer satisfaction while navigating through organizational changes. The management has expressed its intention to support affected employees comprehensively during this difficult transition period.
The planned job cuts at N Brown reflect a strategic initiative to align with the company’s future growth and transformation goals amid an ownership change.
