×
78 978
Fashion Jobs
ESTÉE LAUDER
Keyholder - 40 Hrs - ll-Houston - Houston, tx
Permanent · Houston
ESTÉE LAUDER
Director of Value Chain Finance - qa & Engineering Function
Permanent · Melville
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Fashion Valley
Permanent · SAN DIEGO
ASCENA
Ptsl- Keyholder
Permanent · Bryant
ASCENA
Part Time Keyholder
Permanent · Monroeville
MARC JACOB'S
Sales Supervisor
Permanent · Millburn
BLOOMINGDALE'S
Outlet Keyholder Selling, Full Time - Christiana
Permanent · Newark
BLOOMINGDALE'S
Manager, Sales - Womens Shoes/Handbags
Permanent · Garden City
BLOOMINGDALE'S
Photo Project Planner
Permanent · Cheshire
ESPRIT
Merchandise Planner (M/F/D)
Permanent · New York
NEW BALANCE
Loss Prevention Officer Iii m-f 5am-1pm
Permanent · Lawrence
NEW BALANCE
Lead Loss Prevention Officer
Permanent · Boston
COACH
Director, Global Influencer And Creator Marketing
Permanent · New York
AESOP
Retail Consultant | Knox | Part-Time
Permanent · Dallas
JCPENNEY
Sales Floor Supervisor - Indian Mound Mall
Permanent · Heath
JCPENNEY
Asset Protection Associate - Maplewood Mall
Permanent · Maplewood
JCPENNEY
Salon Manager - Midland Park Mall
Permanent · Midland
JCPENNEY
Senior Manager of Product Management Cms And Web Management Tools
Permanent · Plano
JCPENNEY
Salon Manager- #2869 Birmingham, al
Permanent · Birmingham
JCPENNEY
Salon Manager Btc - Ridgmar Mall
Permanent · Fort Worth
SACK OFF 5TH
Asset Protection Supervisor
Permanent · CABAZON
UNDER ARMOUR
Stock Teammate, Part-Time 5am-10am Shift, $15 Per Hour
Permanent · ASHEVILLE
Published
Mar 13, 2023
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Dune Group seeks investors and faster growth, names KPMG to unearth oppportunities

Published
Mar 13, 2023

There's big change due at footwear and accessories specialist Dune Group that has been growing fast in recent periods and has now appointed KPMG to help it find new investors to make the most of the “exciting growth opportunities” it sees ahead.


Dune


The company is already investing heavily in its expansion programme with plans for 25 new standalone stores in the UK in the next three years and further spend to boost its online presence.

On Monday, founder and chairman Daniel Rubin announced the drive to find investors saying: “Having spent 47 years in the footwear industry the time is right to realise the investment I have made in Dune. The business is strong with a first-class management team and exciting growth opportunities, both in the UK and internationally.”

He didn’t specify what his future involvement with the company might be once new backers are on board.

Despite the tough economic backdrop, it could be a good time to find new investors. The company has reported strong results recently with the year to January seeing turnover rising to £139 million from £109 million and EBITDA up to £10.1 million from £6.7 million.

Those figures illustrate the wisdom of the changes to its business model that the company made as a result of the pandemic with it scaling back its department store concessions, and growing its e-commerce operations.

And importantly, it also placed a bigger focus on international growth than previously with its international business currently accounting for 35% of sales but forecast to be at 50% within three years. Its growth outside the UK has included online link-ups with Nordstrom and Dillard’s in the US, deals that have reportedly started very well.

Earlier this month, Dune appointed Lindsey Borkowski VP of North American sales. And in January it said it would ramp up overseas store openings.

The company is strong in the Middle East with its 65 stores there to be added to with a further 10 in the year ahead.

And its debut in Lagos, Nigeria, last year with one store exceeded its budget target by more than 50%, so four new stores are to open there this year on the back of its success.

Stores are also scheduled for Pakistan and India during 2023 and franchised stores will be opening or the first time in Egypt, with more concessions in Australia and South America.

Dune also announced a new CEO last autumn, Nigel Darwin joining after most recently being CEO of Toni&Guy where he “led a successful turnaround of the business”. 

Copyright © 2023 FashionNetwork.com All rights reserved.