In The Style news and archive

In The Style shareholders narrowly approve takeover

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...

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In The Style agrees to 1.2 million pound sale of subsidiary following strategic review

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...

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In The Style founder wins court case after accusations of stealing idea

The founder of fast fashion retailer In The Style, Adam Frisby, has won a court case against Paul Clements, who claimed Frisby had stolen his idea to create the brand. The complaint was heard at Manchester’s High Court, which had ruled in favour of Frisby after a five-day trial, stating that Clements narrative was a “false one”. Judge Mark...

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In The Style lowers FY profit guidance

Womenswear brand In The Style has lowered its full-year profit outlook as a drop in demand and other factors impacted the important Christmas quarter. The Manchester-based company reported a 22 percent drop in revenue in the three months to December 31, while direct-to-consumer (DTC) revenue fell 13 percent. It comes after the company launched a...

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In The Style founder accused of ‘stealing’ business idea

Founder of fast fashion e-tailer Adam Frisby could be facing a lawsuit by a businessman that claimed Frisby copied his idea to create the fast fashion brand. The retailer, which is worth over 100 million pounds, was founded by Frisby in 2013, who was said to have initially used redundancy money to launch the business. Now, businessman Paul...

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In The Style CEO to step down as company embarks on strategic review

In The Style has announced its chief executive officer, Sam Perkins, will be stepping down from his role on December 31, 2022, as the company sets out on a strategic review and business update. The retail group’s founder Adam Frisby will be returning to the role of CEO on an interim basis after he stepped back from the position in January 2022...

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Fashion investor Bill Currie snaps up In The Style stake

In The Style has been valued at 105 million pounds after announcing its proposed admission to trading on AIM, a sub-market of the London Stock Exchange. An investment firm led by serial fashion investor Bill Currie has snapped up a stake in fashion e-tailer In The Style. According to London Stock Exchange filings, William Currie Investments has...

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In The Style making ‘solid progress’ on growth strategy, says CEO

Womenswear e-tailer In The Style is making “solid progress” on its strategy to increase profitability and manage its cash position, its CEO said Friday. Though the Manchester-based company didn’t provide any specific trading figures, it did outline a number of recent strategic developments it has made. The retailer said it successfully moved its...

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In The Style swings to FY pre-tax loss despite strong revenue growth

Manchester-based fashion e-tailer In The Style has swung to a full-year pre-tax loss despite revenue growth of 28 percent. In the 12 months to March 31, the company posted a pre-tax loss of 1.5 million pounds compared to a profit of 125,000 pounds the year before. It cited supply chain disruption and inflationary pressures linked to Covid-19 and...

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In The Style Christmas sales soar, announces exit of CFO and COO

In The Style reported strong sales growth over Christmas in a trading update on Wednesday, and revealed its chief financial officer and chief operating officer Paul Masters is exiting the business “to focus on his health”. In the eight weeks to December 31, the company reported net sales of 11.2 million pounds, an increase of 21.5 percent...

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In The Style H1 revenue up, but profit hit by supply disruption

British fashion e-tailer In The Style has reported strong revenue growth in the first half of the year, but saw its profit take a hit from global supply chain issues. In the six months to September 30, revenue at the company increased 38.8 percent to 29.8 million pounds compared to a year earlier, and by 245.5 percent compared to two years ago....

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In The Style names new CEO as Frisby steps into chief brand officer role

British fashion e-tailer In The Style has appointed Sam Perkins as its new CEO as founder Adam Frisby steps down from the helm of the business to take on the role of chief brand officer. Perkins, who will take on the top position from January 17, joins from The Very Group, where he has been managing director of the group's retail division since...