logo
Charles Tyrwhitt to open at Lakeside this month

Charles Tyrwhitt to open at Lakeside this month

Fashion Network18-06-2025
Fast-growing British menswear brand Charles Tyrwhitt is now set to open at retail and leisure destination Lakeside Shopping Centre this month.
The brand, known for its tailored, ready-to-wear menswear, will occupy a 1,200 sq ft retail space featuring its latest collections of formalwear, casualwear, shoes and accessories.
Charles Tyrwhitt retail director Lewis Felix said: 'Our new store in Lakeside represents the 39th store in our growing UK Estate. It allows us to build on our retail momentum by bringing our brand and product proposition to an exciting new location. Lakeside is synonymous with quality brands.'
Rob Jewell, managing director for the mall's operator, added: 'Charles Tyrwhitt [has a] classic heritage, strong brand identity, and varied product range [that] will make a positive contribution to the growing men's retail offering at Lakeside.
Earlier this month Charles Tyrwhitt was announced as official menswear partner for the British & Irish Lions Rugby squad ahead of its 2025 tour of Austrlaia.
Lakeside, in the M25 catchment area in Essex, attracts visitors from the local area, from London and much further afield. It's currently home to over 220 brands encompassing retail, dining and leisure and this year has seen new openings for Reiss and Jewells.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Burberry tops list of UK M&A targets in new Bloomberg survey
Burberry tops list of UK M&A targets in new Bloomberg survey

Fashion Network

time8 hours ago

  • Fashion Network

Burberry tops list of UK M&A targets in new Bloomberg survey

British companies, including Burberry Group Plc, dominate the ranks of European-listed firms seen as potential takeover targets, with discounted UK equity valuations making them increasingly attractive to buyers. London-listed stocks account for about 60% of companies mentioned in an informal survey conducted by Bloomberg News in July. The poll included 44 risk-arbitrage desks, traders, and analysts. Burberry, the iconic trench coat maker, was the most frequently cited company, selected seven times. UK stocks have remained favored M&A targets over the past year, partly due to their relative undervaluation compared to international peers. This has led to a series of delistings that have further reduced the size of the local stock market. London's FTSE 100 Index trades about 13% below the Euro Stoxx 50 Index and 41% below the S&P 500, based on valuation relative to earnings forecasts. In Burberry's case, there are signs that the brand is beginning to deliver on its turnaround plan under Chief Executive Officer Joshua Schulman. After back-to-back annual declines of 30%, the stock has risen 32% in 2025. According to Emmanuel Valavanis, an equity sales specialist at Forte Securities in London, Burberry's brand equity could be attractive to a larger luxury group 'not afraid to pay up for bolt-on growth and an iconic label.' However, the transformation is not yet complete. 'Burberry's renewal effort still needs more work,' said Graham Simpson of Canaccord Genuity Quest, adding that a potential suitor would likely focus on extracting synergies. BP Plc and Anglo American Plc also featured among the leading UK takeover candidates, consistent with their inclusion in a similar January survey. Rightmove Plc, the online property portal, received four mentions after drawing multiple bids last year from Rupert Murdoch's REA Group. UK dealmaking 'roared back' in the second quarter, said Patrick Sarch, head of UK public M&A at law firm White & Case LLP, in July. 'We anticipate more bids for UK companies from US and corporate bidders, and that the financial services, infrastructure, natural resources, and tech sectors will continue to be active,' Sarch added. Outside the UK, the recent trade agreement between the European Union and the United States is expected to 'encourage corporates to go ahead with planned transactions,' according to Eric Meyer, head of RBC Capital Markets in Paris. Among continental names, Carrefour SA was a frequently mentioned target, cited four times by respondents. The supermarket chain is currently reviewing its portfolio to improve its valuation and recently divested its struggling Italian business. European banking M&A also remains active, continuing a trend from 2024. Commerzbank AG was again a popular name in the latest survey. UniCredit SpA, which has expressed interest in acquiring Commerzbank, increased its stake to about 20% this month. The move makes UniCredit the bank's largest shareholder, overtaking the German government, which remains opposed to a takeover. 'Bank deals are becoming more complicated,' said Nicolas Marmurek, co-head of special situations at Square Global Markets. 'Successful bidders will need strategy, timing, and just the right dose of political finesse.'

Trump cancels development of new offshore wind projects
Trump cancels development of new offshore wind projects

Euronews

time15 hours ago

  • Euronews

Trump cancels development of new offshore wind projects

US President Donald Trump has cancelled plans for the development of new offshore wind projects in federal waters. The Bureau of Ocean Energy Management is rescinding more than 3.5 million acres (1.42 million hectares) designated as wind energy areas off the coasts of Texas, Louisiana, Maine, New York, California, and Oregon, as well as in the central Atlantic. It announced on Wednesday an end to setting aside large areas for "speculative wind development". The decision marks another move by the Trump administration to further suppress the growth of wind energy in the US. Last year, former US President Joe Biden announced a five-year schedule to lease federal offshore areas for wind energy development. However, Trump has been consistently reversing the country's energy policies since taking office in January. Instead, the Republican president has signed a series of executive orders aimed at increasing oil, gas and coal production. Renewable energy rollbacks in the US On Wednesday, US Secretary of the Interior Doug Burgum announced they would end preferential treatment toward wind and solar facilities, which were described as unreliable, foreign-controlled energy sources. The department is also considering withdrawing areas on federal land with high potential for onshore wind power to balance energy development with other uses such as recreation and grazing. Trump has repeatedly expressed hostility towards renewable energy, particularly offshore wind, and his fossil fuel agenda has drawn criticism from climate scientists and advocates. On Thursday, the US Department of Energy also came under fire for praising coal, a move widely criticised as tone-deaf given the urgent reality of climate change and global warming, with worsening climate disasters and extreme weather across the globe. Trump's latest criticism came during a visit to Scotland earlier this week, describing wind turbines as "ugly monsters" on Monday at a press conference with UK Prime Minister Keir Starmer, urging the British leader to rely on North Sea oil and gas instead. A day prior, Trump also attacked wind energy during a press conference with European Commission President Ursula von der Leyen, calling it "a con job" that "doesn't work," misleading claims that have been widely debunked.

Sam Lobban joins Thom Browne as CEO after leaving Nordstrom
Sam Lobban joins Thom Browne as CEO after leaving Nordstrom

Fashion Network

time2 days ago

  • Fashion Network

Sam Lobban joins Thom Browne as CEO after leaving Nordstrom

, the American luxury label known for its sharp tailoring and owned by the Ermenegildo Zegna Group, is undergoing a leadership shift. The brand has appointed Sam Lobban as its new chief executive officer (CEO), recruiting him from Nordstrom, where he currently serves as executive vice president and general manager of the Apparel & Designer division. The British executive is set to join Thom Browne in early September, taking over from Rodrigo Bazan, who has held the role since 2016 and is stepping down 'to pursue new opportunities.' 'Sam Lobban is an innovator in merchandising and has notably secured collaborations at Nordstrom with major brands, including Thom Browne,' the Italian luxury group stated. Lobban began his career in 2010 at Selfridges in London, before joining the founding team of online fashion retailer Mr Porter a year and a half later. He remained there until 2018, then moved to Nordstrom in 2019, where he rapidly advanced through leadership roles. The Italian company thanks Rodrigo Bazan, recalling that under his leadership, 'the company reached sales of 315 million euros in 2023, with 116 directly operated stores worldwide, becoming a symbol of contemporary luxury made-to-measure.' "Under Rodrigo's leadership, Thom Browne's sales have almost tripled since our acquisition. We thank him for laying the foundation for our future growth," comments Gildo Zegna, CEO of the Zegna Group, which acquired the label in 2018. "Rodrigo's entrepreneurial vision, as well as his essential role in defending Thom Browne's intellectual property rights against Adidas, have helped protect and strengthen the brand's authentic and unique identity," he continues. While Thom Browne has enjoyed exponential growth in recent years, the brand had nevertheless begun to slow down, and this change of guard was to be expected. In 2023, the label saw its sales fall by 17.2% (-20.8% in organic terms), to 314.8 million euros, while its adjusted operating profit reached 27.3 million euros, with a margin of 8.7%, compared with 15.5% a year earlier.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store