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Bench and Nicce owner eyes up Russell & Bromley

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January 19, 2026

As we await news about Russell & Bromley’s eventual new owner, it’s clear that Next doesn’t have the field to itself. A report has said that Apparel Brands is also among the bidders for the venerable footwear retailer.

Russell & Bromley

Apparel Brands is based in Manchester and while it hasn’t publicly announce itself as a bidder, The Times reported that it’s on the list of those circling the firm.

It owns fashion labels Bench, Nicce and Hype as well as selling licensed products from big names that include Castore, Ed Hardy and Seafolly, so it’s a business with some weight behind it.

In 2023, it got backing from private equity business True and in the year to mid-20025, its sales rose to £47 million from just over £36 million the year before.

It has been very acquisitive in recent years, developing brands and creating product that are sold to other retailers and wholesalers. It doesn’t run its own stores, which raises the question of what might happen to Russell & Bromley’s stores if it succeeds in buying the business.

Some of the concerns around Next winning the auction centre on the assumption that it would want to close the entire store chain and just own the brand.

Russell & Bromley last year appointed Interpath to help find funding for its turnaround plan and look at other options available to it. The failure to raise new funds suggests that a sale is the most likely way forward.

Another bidder appears to be Auralis, which is led by Weird Fish CEO David Butler. The new investment firm appears to be favoured by some members of the Bromley family, although that’s no guarantee that its bid will succeed.

We should know the outcome within a few weeks.

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McArthurGlen UK festive performance impresses

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January 19, 2026

McArthurGlen’s UK outlet centres have enjoyed buoyant Black Friday and Christmas trading, including their strongest week ever.

McArthurGlen

In fact, it was the most successful festive trading period in Britain for the business with sales rising 7% year-on-year in the seven weeks from Black Friday up to 4 January.

Visitor numbers rose 3.5% to five million, which importantly given the 7% value sales rise, means that those who turned up were spending a bit more than a year ago. And as well as the higher average spend, the company said it saw a volume sales increase of 8%.

Black Friday kicked off the festive period strongly with sales up 8% and Black Friday week itself as a whole was the highest-grossing week for the estate in the UK. All of its centres saw record sales for that week.

It said brands pulled out all the stops to deliver good stock availability and strong promotions with the result being that fashion, sportswear, accessories, beauty and homewares enjoyed a number period.

While some wider UK footfall figures have suggested that visitor traffic dropped off at shopping centres in December, McArthurGlen said that the month stayed buoyant for it with sales up 9% during the festive peak, its strongest UK figure ever.

The company operates UK outlet centres in Ashford, Bridgend, Cheshire Oaks, both the East and West Midlands, Swindon and York.

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Source Fashion booms with focus on sustainable production

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January 19, 2026

Source Fashion wrapped up last week at London’s Olympia with strong momentum as visitor numbers rose 16% while exhibitor numbers were up 12%. It was busy and buzzing with plenty of special attractions as well as the serious side — meeting buyers and writing orders.

The Source Fashion runway

That was both a reflection of the importance of trade shows in Europe generally and of the strength of Source itself that has carved out its place as Europe’s leading sourcing event.

Buying teams visiting the event included the big players such as M&S, Next, New Look, Tesco, N Brown, ASOS, Boohoo, Harrods, and Universal Music, as well as a host of smaller but still important names. Think Lucy & Yak, Joseph, Temperley London, Oliver Bonas, Hawes & Curtis, Agent Provocateur, Rat & Boa, AYBL and more.

UK manufacturing isn’t dead

Bethany Davy-Day, Creative and Operations Director at Fashion Enter said: “It’s been a great show so far. We’ve hosted two upcycling workshops today, and it’s been encouraging to see strong interest from a mix of e-tailers, retailers and start-up brands, all keen to explore UK manufacturing. As a not-for-profit social enterprise specialising in sustainable manufacturing in North London, it’s been valuable to connect with brands at every stage of growth.”

Fashion Enter
Fashion Enter – Source Fashion

There may be a widely held belief that Britain is no longer a manufacturing hub but the British Pavilion was a big draw at the show as companies focus on more sustainable ways of getting their products to market. The organisers cited exhibitors seeing “high-quality conversations, new commercial leads and a growing appetite from both start-ups and established brands to explore British production”.

Stacey Ohanian at Apparel Tasker, which also featured on the show’s catwalk, said that “we’ve had really positive conversations with start-ups and growing brands who are increasingly interested in working with British manufacturers, and we’ve been able to change perceptions around the cost and value of producing locally. We’ve made a lot of valuable contacts”.

And Colin Spender Halsey, CEO of The Natural Fibre Company, showing for the second time, hailed the “quality of visitors [that] has been even stronger this year. What’s been particularly encouraging is the growing interest in British manufacturing. Many of the visitors we’ve spoken to are actively looking to work with UK manufacturers, with traceability, sustainability and ‘Made in Britain’ increasingly high on the agenda. While we recognise the commercial challenges of producing locally, even small increases in business can make a significant difference to companies like ours”.

Outside of the British Pavilion, the wider show floor was also busy. Katherine O’Driscoll, co-founder of SP & KO, said the company “had a really strong show… the best Source Fashion yet for us. The event has been incredibly busy from start to finish, with fantastic engagement and a steady flow of meaningful conversations. We’ve generated some great leads and already confirmed new contracts, and it’s been particularly encouraging to see so many start-ups and independent designers attending”.

That view was echoed by Ivan Tang and Sandy Chang, respectively MD and business development head at South Enterprises. In their second show, they said they saw “even more traffic” having met “a wide range of new brands, from early-stage start-ups to more established businesses. What’s been particularly positive is seeing how much more focused and informed many brands are, with a growing interest in sourcing more sustainable fibres. There’s a real sense of optimism”.

Sustainability hub

Even director Suzanne Ellingham highlighted the direction the industry is moving in: “What is really encouraging is seeing the direct action that brands and retailers really are looking to bring production closer to home, this is the first time in a few years that we have felt that this is really happening. Alongside responsible sourcing and manufacturing, there is a growing appetite to address what happens at the end of a product’s life. 

Source Fashion

“Looking ahead, we want Source Fashion to be a place where brands can explore end-of-life materials, deadstock and remanufacturing, supporting circular solutions that create value, jobs and opportunity without relying on volume. That focus on transparency, lifecycle thinking and collaboration will continue to shape how the show evolves into its next edition.”

‘Edutainment’

Apart from the business that was done at the show, there was plenty to both entertain and educate with the content programme a big draw.

There were strong audiences across Source Fashion’s content stages, with supply chain accountability, circular business models, repair and longevity, craft-led production and future sourcing strategies, all on the agenda.

The show featured hands-on workshops
The show featured hands-on workshops – Source Fashion

Particularly interesting was a discussion hosted by Simon Platt focusing on supplier collaboration, material innovation and the role of long-term partnerships. Meanwhile, another session challenged brands and buyers to consider how reduced production, alternative value models and craft-led approaches could play a role in building a more resilient fashion industry. 

And data-led insight into the commercial outlook for fashion came courtesy of Euromonitor

That session outlined how “shifting consumer behaviour, commodity pressures and demand for value, quality and sustainability are reshaping the market”. It also highlighted growth opportunities across sportswear- and wellness-driven categories.

A big draw as well was Fashion Deconstructed, which debuted as a hands-on area “designed to shine a light on the skills, processes and people behind fashion production”. That meant live demos, workshops and maker-led sessions, with visitors able to step inside the making process, from repair and upcycling to weaving and circular material innovation. 

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Pal Zileri sees growth in knitwear, plans two store openings by summer

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January 19, 2026

Pal Zileri is expanding in its knitwear segment and is preparing to open two new mono-brand stores by next summer. This was revealed by the CEO of the menswear label, Leo Scordo, who spoke to FashionNetwork.com during Milan Fashion Week.

Leo Scordo, CEO, Pal Zileri

The brand, owned by the Mayhoola fund, which does not disclose revenue figures separately, closed the 2025 financial year broadly in line with the previous year thanks to an increasingly customer-focused strategy.

“The retail and wholesale channels are holding steady,” Scordo notes. “Despite an overall drop in footfall at luxury stores, the conversion rate has held up. In the end, our stores performed well. Wholesale has also performed well, thanks to Italy, Europe, the Benelux region, the UK, and the Middle East,” Scordo explains.

Pal Zileri has launched a ‘clienteling’ initiative aimed at gathering insights into customers’ lifestyles. “In any conversation, the sale is the last consideration. It is more important to understand expectations and feedback to build a lasting relationship. With technology today, we often experience semi-automated interactions. Instead, we need to earn our customers’ respect,” the CEO continues.

Two new franchised mono-brand stores will open by next summer. “We will open in Baku (Azerbaijan) and Sydney (Australia). But we are always looking for new locations,” Scordo reveals.

Pal Zileri operates around 20 company-owned stores worldwide and is present in 300 points of sale. The expansion strategy in the US continues. “We have taken part in a couple of trade fairs. We are placing significant emphasis on the United States, despite the current challenges in the US market. We are targeting independent retailers who know the brand and have shown strong growth. These are often family-run businesses whose business culture is rooted in customer relationships,” Scordo points out.

Pal Zileri FW26
Pal Zileri FW26

There is also a new pricing strategy. “The principles by which we set a product’s price in Italy must be applied worldwide. The price should not depend on exchange rates or duties. We have sacrificed some margin to benefit the end customer,” the CEO explains.

Knitwear now plays a bigger role in the collection. “After suits, knitwear is the fastest-growing category. It is now very important for revenue. Suits have a higher average price, but in volume terms knitwear sells more pieces,” Scordo notes.

In Milan, the brand presented its latest FW26 collection. “We have developed a proposition that dresses the customer for a typical day: from breakfast, to a Zoom call, to a product meeting, to a business lunch, to an afternoon aperitivo and dinner. There is no need to get changed. Everyone should feel comfortable in themselves and be represented by what they wear,” Scordo concludes.

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