×
67 284
Fashion Jobs
CENTRIC BRANDS
Coordinator, Ecommerce Operations
Permanent · New York
CENTRIC BRANDS
Sales Operations Manager
Permanent · New York
PUMA
Merchandising Manager, Retail Accessories
Permanent · Somerville
ATHLETA
Assistant General Manager - Town & Country
Permanent · Palo Alto
COTY
Global Marketing Manager, Marc Jacobs
Permanent · New York
COTY
sr. Analyst, Treasury
Permanent · Sanford
TIFFANY & CO
Quality Assurance Manager
Permanent · Lexington
TIFFANY & CO
Full Time Branch Security Officer - Charlotte
Permanent · Charlotte
TIFFANY & CO
IT Senior Business Analyst - Ecommerce/Payments & Browser/Pim
Permanent · Parsippany-Troy Hills
TIFFANY & CO
Manager, Public Relations— Print & Digital Relations, Americas
Permanent · New York
OLD NAVY
Assistant General Manager ne, Merchandising - Caraway Plaza s/c
Permanent · Jonesboro
MICHAEL KORS
Sales Supervisor - Providence Place ri
Permanent · Providence
URBN
Free People Buying Coordinator - Accessories
Permanent · PHILADELPHIA
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Bradley
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · West Mifflin
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Oceanside
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Elk Grove
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Bloomington
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Springfield
KOHLS
Full-Time Loss Prevention Officer
Permanent · Lincolnwood
KOHLS
Associate Sourcing Materials Manager - Knits
Permanent · Menomonee Falls
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Humble
Published
Dec 14, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

LVMH's Pink Shirtmaker goes up for sale

Published
Dec 14, 2020

Upscale menswear retailer Pink Shirtmaker is up for sale, according to reports, although owner LVMH has yet to officially confirm the move for what is one of the luxury goods group's smallest enterprises.


Pink Shirtmaker


Thomas Pink stores -- rebranded Pink Shirtmakers in 2018 -- plus its website and social media have been closed with its key flagship stores in London’s West End and the City shuttered since the summer, alongside its Heathrow Airport terminal 2 and 5 units. The Madison Avenue New York store is also closed.

As with many fashion retailers, 2020 has been a tough year, but Pink suffered particularly badly as demand for office wear was hit hard during the pandemic. As working from home increasingly became almost the norm for many office workers, especially in the financial sector, the brand’s key demographic diminished significantly.

The Evening Standard has reported that potential purchasers have been approached to view financial information in a data-room opened last week. One potential bidder told the newspaper that the sale didn't include any stock, although there was a revenue stream from a venture with lingerie group Victoria’s Secret, which also operates the unrelated Pink brand.

After the purchase, LVMH relaunched the business as Pink Shirtmaker and as a more upscale brand, with core shirt prices rising to £120-£160. Costs to reposition the business were said to have hit profits.

Pre-relaunch accounts for Thomas Pink Limited in the year to 31 December 2018 showed operating losses widened 20% to £23.5 million. Revenue also fell to £12.2 million from £15.4 million in the prior year.

In the accounts signed off in September, the business said it remained positive and could “face the challenge [of Covid-19] in the best possible way”.

Earlier this year, its chief operating officer Steve Price left the business to join start-up The Shirt Society as product development director.

Copyright © 2022 FashionNetwork.com All rights reserved.