Kurt Geiger has shone the spotlight on the graduating class from its Business by Design Academy (BBD) and also announced an expansion of the programme.
Some of the 2025 Geiger graduates
BBD is its fully-funded career incubator for young creatives and from this autumn, it will become fully digitised, “opening access to young people across the UK – not just in London”. The in-person London programme will also increase its intake by 50%, “offering even more opportunities to young people from underrepresented backgrounds”. Applications for next year’s cohort are open now.
The first day of April saw the graduating class lauded at an event at The Brewery, Chiswell Street, with Bianca Saunders, Ella Thomas, Karen Binns, the Flag Twins, Zacharia Noble and many more in attendance.
The ceremony was led by broadcaster Clara Amfo who delivered an empowering keynote celebrating the students’ resilience and creativity.
There were 33 graduates following in the footsteps of the inaugural 2024 cohort – 30% of whom are now employed full-time at Kurt Geiger, with others securing various roles and placements across the creative sector.
The students were presented with a number of different work-based prizes and placements with Jennifer Peters, Mohammed Hussain and Monique Miller awarded full-time paid apprenticeship roles at Kurt Geiger in the Buying, Merchandising and Marketing departments, allowing them to complete studies while working in these newly created positions.
For the first time, a further three students, Bill Opare, Laura Quadri and Ben Sholongo were recognised for their enterprising enthusiasm and given an entrepreneurial grant to financially contribute towards developing their own ventures.
Nylah Rosario James was also awarded a one-year paid internship at Kurt Geiger’s HQ where she’ll gain hands-on experience in design, buying, merchandising, marketing and PR.
Kurt Geiger started the BBD because of the way the creative industry remains out of reach for many young people.
According to new Office for National Statistics data, the number of 16-24-year-olds not in education, employment or training (NEET) rose by 100,000 in the last 12 months reaching an 11-year high.
The creative industry contributes £124 billion to the economy and employs 2.4 million people but only 17% of creative workers come from working-class backgrounds; 86% of creative internships are unpaid, shutting out those who can’t afford to work for free; and 43% of young people aspire to creative careers, but 42% feel it’s financially unviable.
Neil Clifford, CEO of Kurt Geiger, said:“Business by Design isn’t just about opening doors for creative talent – it’s about showing the industry how much it gains by embracing diversity. With the Academy expansion, we’re ensuring that talent from all backgrounds gets the access and support they deserve, while the creative sector thrives with fresh perspectives and innovation.”
END. promised it would be going big on its 20th anniversary celebrations and judging by the fashion retailer’s itinerary of events it’s actually huge.
With three events already under its belt in the January-March period, there are over 20 in the pipeline for the rest of the year involving a programme of curated events, pop-ups, activations, collaborations and partnerships “crafted hand-in-hand with brand partners who have journeyed with END. over the last 20 years”.
Participants include a host of big brands including A Bathing Ape, Adidas, Aries, CP Company, Crocs, Needles, Puma, Salomon, Stone Island, Umbro, Universal Works, Y-3, “and many more”.
It’s all in recognition of a brand that has grown from an independent in Newcastle to an international name with flagship locations in Newcastle, Glasgow, Manchester, London, and Milan, “defining its position as a trailblazer bridging the gap between luxury and streetwear, balancing exclusivity with accessibility with its signature curation of the world’s biggest brands to the most sought-after emerging labels all under one roof”.
The 20th anniversary will also honour the brand’s North East roots and the best of British subculture “focusing on narratives deeply connected to the retailer’s heritage, customers and cultural influences, touching on nostalgic themes from the coast to the corner shop and nightlife to the classic British pub”.
Global threads manufacturing giant Coats Group is quitting its US Yarns business, resulting the closure of its Performance Materials (PM) facility based in Kings Mountain, North Carolina.
It comes after a strategic review of the wider Americas yarns business that has already resulted in the closure of the Toluca, Mexico facility in December. The review, which started in Q4 2024, concludes that the Americas Yarns business doesn’t fit with Coats’ future strategy, noting the exit from this non-core operation “will result in a positive annualised impact to both the PM and Group adjusted EBIT margins”.
The exit process is expected to complete in Q2 and Coats said it anticipates to generate a modest cash inflow, after closure costs, that will “allow management to focus on driving forward and growing other parts of the group’s attractive portfolio.
In 2024, revenues and EBIT for US Yarns was $68 million and $3 million, respectively.
Last month, Coats delivered a trading statement that highlighted “strong delivery, exciting medium-term targets with compounding cash and earnings growth”.
While the business reported a string of positives for the year ended 31 December (total revenues up 8% to $1.5 billion; apparel and footwear revenues up 13%; EBIT up 16%), it also noted that the PM business continued to drag across all North America end markets while there was also structural softness in North American Yarns.
The writing was perhaps on the wall for the future of its US PM ops in a statement that included that its Americas manufacturing footprint had been “right-sized” in Q4 with the closure of the Toluca site “to align to structural softness in North American Yarns [that will] drive immediate margin improvement”.
Poland’s biggest fashion retailer aims to double its revenue to 40 billion zlotys ($10.56 billion) by 2027, driven by the rapid expansion of budget brand Sinsay and its omnichannel strategy, it said on Thursday.
Reuters
“In three years we assume the company will be twice as big,” CEO Marek Piechocki said during a press conference.
Under LPP‘s new three year strategy through 2027, Sinsay is set to account for 75% of the group’s total sales, it said.
The Gdansk-based retailer aims to expand its store network to around 7,500 outlets by the end of 2027, with Sinsay stores making up around 6,000 of those, and to increase e-commerce sales to 10 billion zlotys in the same period.
“As in previous years, the company intends to consistently pursue its policy of sharing the profit generated with its shareholders,” LPP said, indicating plans to maintain its dividend payouts. The management recommended a dividend of 660 zlotys per share to be paid for the 2024 financial year.
The company also aims to double its core earnings (EBITDA) by 2027, compared to last year’s 3.67 billion zlotys, while keeping its debt levels safe, it said.
LPP’s revenue rose by 20% to 20.19 billion zlotys in 2024.