Fast fashion retailer In The Style (ITS) has been rescued from administration following a sale to UK-headquartered Alps Sourcing Limited. The move has saved 87 jobs in the UK, according to administrators at FTS Recovery. The insolvency firm announced the pre-pack sale in a press release, however, news had already broken yesterday (March 19) when...
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In The Style (ITS) is believed to be on the brink of a potential administration, with media reports suggesting that the fast fashion retailer had appointed FTS Recovery to serve as administrator. This is according to Sky News, which said that a “pre-pack insolvency potentially involving Baaj Capital”, ITS’ parent company, could be a possible...
Baaj Capital, the investor behind fast fashion retailer In The Style (ITS), is believed to be mulling a takeover of the The Original Factory Shop (TOFS), a high street budget retailer that has been under the wing of private equity firm Duke Street since 2007. According to Sky News, TOFS is “close to being sold” to Baaj Capital, which the...
New accounts filed by fast fashion e-tailer In The Style (ITS) have revealed a series of job cuts at the firm as well as a sharp drop in revenue for the full financial year. The company said that it had reduced people overhead by around 38 percent, reflecting a drop from 179 to 140 employees, after taking certain steps to gain the ability to do...
Adam Frisby, the founder of In The Style (ITS), has announced his departure from the fast fashion e-tailer after previously stepping down from his prior chief executive officer position at the end of 2023. Frisby, who founded the company 11 years ago, made the revelation in an Instagram post, where he said that the decision to exit hadn’t been...
Fast fashion retailer In The Style (ITS) has announced a new partnership with F&F, the clothing brand of supermarket giant Tesco. Through the deal, the duo will release a collaborative collection set to launch on the ITS app and in 300 nationwide Tesco stores from June 20. Among the 22 piece collection will be a range of seasonal summer looks...
Last year, In The Style was marginally rescued from its financial troubles through an acquisition by Baaj Capital, which had agreed to take on the fast fashion retailer’s operations for a sum of 1.2 million pounds. At the time, the British company, founded by the recently exited Adam Frisby, was undergoing a strategic review amid reports of a...
Adam Frisby, the founder of In The Style (ITS), has said he will be stepping back from the fast fashion e-tailer and letting go of his role as chief executive officer. His departure comes at a time when ITS was said to have “turned a corner this last year”, with the company now “back to profitability and doing so well”, Frisby said in his...
In The Style Group revenue reduced by 11 percent to 26.6 million pounds in the first six month period but increased 208 percent compared to the first half of 2020. Gross profit margin increased by 1.4 percent pts to 48.5 percent, while adjusted EBITDA loss for the period was 1.8 million pounds. The group also made a loss before tax of 3.1...
Fast fashion label In The Style (ITS) has revealed that influencer Perrie Sian is to become the brand’s first creative director. Sian first started working with ITS in 2021, when she notably only had 100,000 followers on Instagram before building up her network to now stand at 1.3 million followers. Her selection comes after Sian’s regular...
British fashion retailer In The Style will go ahead with its sales process after 58.92 percent of shareholders backed the move. The retailer will sell its operating subsidiary, In The Style Fashion Limited (ITSFL), for a total cash consideration of 1.2 million pounds following the completion of a strategic review earlier this year. The deal with...
Fast fashion e-tailer In The Style has agreed to sell its operating subsidiary, In The Style Fashion Limited (ITSFL), for a total cash consideration of 1.2 million pounds following the completion of the company’s strategic review. The retailer struck up the deal with private equity investor Baaj Capital, a UK-based firm that has previously...