N Brown Group has announced its intention to implement job cuts at their Manchester headquarters as part of a strategic move ahead of a significant organisational shift.
- A consultation process is in progress involving approximately 200 employees, with expected redundancies affecting diverse roles from buying to logistics.
- Despite the challenging decisions, N Brown is committed to fulfilling its legal duties and maintaining an exceptional customer experience.
- The restructuring comes in conjunction with a £191m takeover by Joshua Alliance, reflecting on the company’s current market position.
- As part of its transformation, the company is dedicated to supporting its employees throughout the transition period.
N Brown Group has confirmed plans to cut approximately 100 roles at its Manchester headquarters, located in the Northern Quarter. Employees affected by this decision include those in buying, merchandising, trading, logistics, finance, data, and creative roles. The decision comes at a critical time as the company prepares to be taken private, following a £191m takeover deal by Joshua Alliance, a non-executive director and member of the founding family.
The consultation phase, which has already commenced, involves around 200 staff. The company anticipates that by the end of October, 105 roles will be made redundant, including seven within the supply chain hub. N Brown has declared its intent to comply fully with all legal and regulatory obligations throughout this planned process, which the company asserts is not connected to the acquisition discussions.
A spokesperson for N Brown stated, “As we continue our journey to return to sustainable growth and unlock the long-term potential of our business, our priority remains delivering our strategic transformation whilst providing an exceptional customer experience. To achieve this, we have initiated an organisational review which has regrettably resulted in some roles being placed at risk of redundancy. This is not a decision we take lightly, and we are committed to supporting our colleagues throughout this process.”
The company’s move to go private is attributed to its current shareholder structure, low trading liquidity, and the limited interest from UK fund managers in small-cap consumer stocks. As N Brown navigates these changes, the focus remains on sustainable growth and a strategic overhaul to realign its business objectives.
N Brown is navigating significant organisational changes with a focus on sustainable growth and strategic transformation.
