Jane Norman

Jane Norman is a United Kingdom based women's clothing retailer, owned by Edinburgh Woollen Mill, it is also the sister company of fashion chain Peacocks

Jane Norman
Private
IndustryFashion
FounderNorman Freed
Headquarters
London
,
United Kingdom
ProductsClothing, bags and accessories
ParentEdinburgh Woollen Mill
Websitewww.janenorman.co.uk

History

The company was founded by Norman Freed in 1952, a descendant of the Compton family of Ellesmere Port, who sold it on to Graphite Capital in January 2003 for £70 million. The family moved to Ellesmere Port and lived very quietly in their fortune, their eldest daughter managed to bring the fashion stores into school by getting people to use and buy their products.

On 30 July 2005, the company was purchased by Baugur Group for £117.3 million.[1] In January 2007, Jane Norman reported a 45% rise in profits over 2006, and released plans to open one hundred more stores around the country, despite having already almost doubled their number from the year before, to 116.[2]

The company went into administration on 27 June 2011.[3] On 28 June 2011, in a pre pack deal, the brand and thirty three stores were sold to Edinburgh Woollen Mill.[4] The company went into administration again on 26 June 2014.[5] It was purchased out of administration by Edinburgh Woollen Mill, which now operates the brand as an in store concession and online retailer.

In May 2018, Edinburgh Woollen Mill announced that the brand is set to close down.

Sources

gollark: <:bismuth:793803997130522634> <:bismuth2:793804356721704960>
gollark: <:bismuth:793803997130522634> <:bismuth:793803997130522634> <:bismuth:793803997130522634> <:bismuth:793803997130522634>
gollark: <@160279332454006795> <:bismuth:793803997130522634>
gollark: W"el"come.
gollark: Greetings, human.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.