Jack Wills news and archive

Jack Wills calls in advisers amid challenging times

Lenders to Jack Wills have drafted in advisers to assess the company’s financial situation as the British retailer continues to struggle. Led by the high street bank HSBC, lenders have appointed accountancy firm EY to aid in negotiations over revisions to Jack Wills' borrowing covenants, and to examine its wider financing requirements, Sky News...

Management |UPDATE

Jack Wills ropes in retail veteran Rob Templeman

British fashion label Jack Wills has brought retail veteran Rob Templeman on board to sort out the issues between the company and its co-founder Peter Williams, reports Retail Gazette. It was earlier reported that Williams is expected to leave his CEO’s role over disagreement with BlueGem, the private equity investor that holds a controlling 60...

Management

Jack Wills’ founder reportedly leaving the company

New York - Peter Williams, founder of British preppy fashion label Jack Wills, is reportedly leaving the company over a financially led disagreement with private equity partner. Sources close to the matter cited by the ‘Sunday Times’ point out that Peter Williams is set to leave the company following a disagreement with BlueGem, the private...

People

Jack Wills chairman to stand down

Derek Lovelock has confirmed that he is to stand down as chairman of British fashion retailer Jack Wills by the end of 2017, after joining the board a year ago to "pursue other interests". The fashion and lifestyle brand said that Richard Wyatt, vice-chairman of Rothschilds, will take over as non-executive chairman. Lovelock, who is also the...

BusinessFeatured

Jack Wills targets wholesale expansion

British fashion and lifestyle brand Jack Wills has appointed Greg Roberts from SuperGroup to the newly created role of wholesale director as it looks to grow its wholesale business at home in the UK and internationally. The appointment comes as Jack Wills unveils a new wholesale expansion strategy to build the brand in the UK and...

Business

Jack Wills appoints Tesco’s David Wertheim, Merchandising Director

Jack Wills, the British apparel brand has announced more changes to senior management as they appoint David Wertheim as Merchandising Director. David Wertheim will start the role, following his departure from Tesco where he played a variety of roles, most recently Group Operations Director for General Merchandise in the UK and central Europe. He...

Report

Jack Wills appoints Tesco’s David Wertheim, Merchandising Director

People

Jack Wills names Burberry’s Claire Waugh, Chief Marketing Officer

The British apparel brand, Jack Wills has named Claire Waugh their new Chief Marketing Officer amid a “very exciting year” for the brand, said founder Peter Williams in an interview with Retail Gazette. Claire Waugh, who was previously global marketing director for menswear, leather and soft categories at Burberry will commence the newly created...

Report

Jack Wills bounces back into black, posts profit

Jack Wills has managed to bounce back as the company posted an operating profit of 730,000 pounds (954,916 dollars) in the year to January 2017 against a loss of 13.8 million pounds (18.05 million dollars) reported last year, reports City A.M. The report added that the company’s sales increased 4 percent to 142.4million pounds (186.2 million...

Report

Jack Wills posts rise in sales and profit over Christmas

Jack Wills has reported an increase in its sales and profit over the Christmas trading period, The Times report said. The report added that the company, now managed by Co-founder Peter Williams posted like-for-like sales growth of 1 percent during December, while its profit margin improved by 6 percent compared with the same period in 2015....

Management |UPDATE

Jack Wills founder joins forces with Liberty owner for buyout

London - Peter Williams, founder of Jack Wills, has joined forces with private equity firm BlueGem, owner of iconic British department store Liberty, in a multi-million pound buyout to take over the high street preppy retailer. Together, Williams, CEO at Jack Wills, and BlueGem Capital Partners have acquired 100 percent holding of the Jack Wills...

Management

Jack Wills’ investor to sell minority stake

British fashion brands might see some of its equity change hands in the next weeks as one of its investors is reportedly looking to divest from the business. Both ‘The Times’ ad ‘The Guardian’ reported that Jack Wills could bring in new investors after it was reported that its private equity, Inflexion Private Equity, is keen to sell its...